For the $70 less than the Playstation 3, the Insignia NS-BRDVD Blu-ray player is a good alternative. Available at BestBuy for $329, the NS-BRDVD has 1080p HDMI output, SD card slot, built-in decoders for next-generation Dolby Digital Plus, DTS-HD high-resolution surround and Dolby TrueHD. Outputs include 1x stereo audio, 1x composite video, 1x component video, 1x digital optical audio, 1x digital coaxial audio and 1x HDMI.

And for this price don't expect to get a sweet-looking player, it's just a basic rectangular-shaped player with a cheap front panel.