I think it depends what kind of setup you want.  I was looking for a Blu-ray player but ended up with a fat PS3 (slim version not yet available during that time).  It is no doubt a great all in one machine.  However, I noticed that the PQ is not quite up to what I expect from a Blu-ray movie. 

Then just recently I bought a Samsung C5500 as it's the cheapest Blu-ray player in town.  Hooked it up to the same TV, popped in the same Blu-ray movie, and man...the picture is far better than my fat PS3.  So now the Samsung stays in my ht room while the PS3 sits outside for pure gaming purpose only.

Cheers!