I would say it is, the only thing you don't get with the PS3 as far as a blu ray player is concerned is a front lcd display that shows time, track, etc. But who cares, you can see all that information by pressing the display button on the remote. The PS3 still has the quickest load times, and will be one of the easiest to update, and it's easy to setup, not to mention you can also use it for gaming (duh) and it can act as a media server as well, since it will stream music, videos, and photos from a pc on the same network. Plus the ability to download (for free) movie/game trailers and game demos as well as paid content from the playstation store almost make it a no brainer. The only thing it can't do that some may want, although it's not that big of a deal, and many stand alone players don't do it either, is output the new audio formats (DD+ TrueHD, etc.) via bitstream as it converts it inside the player and outputs it via bitstream. And a update hasn't yet been released that adds internal DTS-HD MA decoding, but word on the street is that dts is working with sony to get this out. And it also does a fantastic job of upscaling (via HDMI only) SD DVDs.