As long as you don't need your player to have analog outputs, the PS3 will do everything you need it to, and if you have a wired or wireless ethernet connection, firmware updates are easy. The upscaling on the PS3 is very good, and it loads discs just as fast or faster than any standalone player. Now that the new 160 and 320 gig PS3's have been annouonced, you may be able to find a 250 gig for $299 if you are lucky.