PS3 is great for BR. Up to the last generation of BR players, the PS3 was way ahead in many respects.

For video, I think you can get better, but not better value. For sound, you need to make sure you have all the right do-dads to get uncompressed TrueHD etc, but other here can make sure you have that right. (I'm still in DD land.)

Panny 3000 PJ, 118" Carada, Denon 3300, PS3, Axiom QS8, PSB 5T, B&W sub, levitating speaker wire