I think the PS3 is a great Blu-ray player, easy to upgrade and I'm sure Sony will keep it current. The only thing that annoys me is that it uses bluetooth rather than IR, that can be partially avoided by purchasing the Nyko remote that can be programmed for use with a universal remote.
Amazon has the 40g PS3 with Spiderman 3 for $399.00, still a good value for a Blu-ray player.

A computer once beat me at chess, but it was no match for me at kick boxing.