The BDP-1500 can at least decode Dolby TrueHD.
So can the BDP-350!!!
From the Sony website:
Revel in astounding HD clarity with the BDP-S350 Blu-ray™ Disc player. Featuring BD-Live compatibility*, you can take full advantage of the Bonus View feature of select Blu-ray movies as well as acquire the latest features and updates as they become available. This player also outputs a Full 1080/24p True Cinema picture, plus upscales your existing DVD collection to 1080p when using the HDMI™ connection. Superior picture quality isn't the only thing you'll notice, the BDP-S350 comes with Dolby® TrueHD™ which delivers sound as stunning as the high definition picture itself. Bringing it all together is the new icon based Xcross Media Bar, which provides simple navigation of the player's menu system.
* Upgrade to BD-Live by adding USB memory.
Bonus View (Profile 1.1)
BD-Live Ready (will be available by firmware update)
Full HD 1080/60 p & 24p True Cinema Video Output
Most of all Hollywood movies are shot at 24 frames per second, and Blu-ray Disc™ movies are mastered at 24 frame per second, so it is only fitting that the Sony® Blu-ray Disc™ Players can output your films at 1080/24p for a true film-like experience at home. Of course, Sony® Blu-ray Disc™ Players can also output at 1080/60p for more traditional HDTV sets on the market. Either way Sony® has you covered for the best picture possible in Full 1080p!
Dolby® TrueHD decoder built-in
Dolby TrueHD delivers lossless studio master quality audio designed specifically for high definition entertainment like Blu-ray Disc™. An incredible sound stage, dynamic range and a stellar Home Theater experience await you with Dolby TrueHD.
Dolby® TrueHD /DTS®-HD bitstream out over HDMI™ (V1.3)
DVD upscale to 1080p
Precision Cinema HD Upscale
x.v.Color™ for AVC-HD
BRAVIA™ Sync
—As a leader in products with HDMI™ connectivity, Sony has created BRAVIA® Sync to gobeyond simple audio and video transmission. When combined with a select number of BRAVIA® televisions and other Sony audio and video products, in addition to audio and video transmission, control functions will betransmitted via the HDMI™ cable. With “One Touch Play,” operations that took several steps have been reduced to one. Press the PLAY button on the remote, watch the audio and/or the video component(s) turn on then the BRAVIA® television turn on and switch to the correct video input–Simple–Easy–BRAVIA® Sync.
Ether port for Network Update
USB port for BD-Live External Memory
Xross Media Bar
DTS-HD (High Resolution/Master Audio) Bitstream Out
DTS-HD gives you sound quality that matches the crystal clear image of Blu-ray Disc™. With up to 7.1 channels of surround sound and audio that is indistinguishable form the original studio version, DTS-HD promises youan extraordinary surround experience.