Some Blu Ray players range in the 300 up to 1000 dollar range. And you only pay for viewing movies. I advice you to get the PS3 since you can watch movies AND play games. Plus you can do other stuff with it like browse the web. So you get more features for the money. Now thats smart shopping!
a ps3 you can play games on the ps3 but not on blu ray also i have both and the blu ray i painfull y slow. plus with a ps3 the graphics in games are clear. you should definatly get a ps3- worth your money