Yes. The PS3 is a dedicated video gaming system, which means it's main purpose is to play video games. There are numerous other perks, of course, one of which is the all-in-one media center covering music, movies, and pictures. If there was no such thing as blu-ray movies, for example, I would say the PS3 is still worth it (especially at today's price). The fact that it has a built in blu-ray player makes it that more worthwhile. I hardly use the system to watch blu-ray movies (the DVD upscaler is good on it's own), which is just a small portion of what the PS3 has to offer.