New PS3 article mentions that the PS3 is still the best BLU-RAY player overall.

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The PS3 BLU-RAY movie and videogame player is still the best overall BLU-RAY player and it costs only $399 for the cheapest model.

Negatives of the PS3
Only major negative is for people that want the highest quality surround sound. The PS3 will not bitstream DTS-HD Master audio and this is a hardware limitation and is not upgradable view a firmware update according to the article. Perhaps internal decoding DTS-HD Master audio might be possible with a firmware update. Perhaps Sony will upgrade the physical hardware in future PS3 models to support bitstream.

Quote
“In spite of sporting an HDMI 1.3 output, the PS3 does not have the ability to output DD+ or TrueHD as native bitstreams; it converts both to multichannel PCM. My understanding is that lack of bitstream support is hardware level and will not be changed via firmware, ever.” “ “Lacks bitstream output for TrueHD and DTS-HD MA”


Positives of the PS3

Quotes
“Standard setting speed and reliability with Blu-ray playback
Outstanding pure picture performance with Blu-ray Discs
Very respectable upconverting DVD performance
Wi-Fi Internet for Web interactivity and system updates
Loaded for interactivity; meets Bonus View and BD-Live specs”

Here is the latest review on the Sony PS3 which is a first generation BLU-RAY player that can outperform all other BLU-RAY players accept in the area of advanced surround sound formats.

http://hometheatermag.com/playstation/508sonyps3/index.html