Well yeah... it's a PS3, it's what it does. I'm pretty sure it does surround sound, but I'll have to check (to connect it up to a surround sound system, btw, you'd either need an optical cable from the PS3, or connect the surround sound to the HDTV).

As WW said, you need to be able to update the firmware, and as far as I know, the PS3 is the only Blu-ray player that has that capability built in (at least, I haven't heard of any other players that can do it).

If you don't go for a PS3 (booooo, hiss, shame on you!!) then look for Sony, Sharp, Panasonic or Samsung players.

Have you got a decent HDTV?