I see no advantage other than it matching the appearance of the rest of your home theater. That being said, the PS3 will probably still be part of the system so it's not really replacing anything, it's just adding cost and equipment that isn't really necessary (read redundant). If you'd like to expand on features, playback modes, and additional media playback, then I would suggest looking at Oppo's offerings which add SACD, DVD-Audio support, MKV support over USB 2.0, excellent upscaling performance for standard DVDs, and HDMI 1.4a w/ ARC and 3D capability. I don't know of any universal format player manufacturers that match Oppo's ability to offer astounding audio-centric features and quality at such competitive prices.