If Shri has not updated to Blu Ray as yet, and is not interested in the gaming side of the PS3 Slim, then Panasonics DMP-BD60 is the player to get.. Bench mark picture quality, better sound reproduction performance ( PS3 has a rep for sounding a tad bright/thin) and for the same price as the PS3, the other side of the coin.
PS3 for gaming and Blu Ray
Panasonic BD60 if you want better Blu Ray performance, for the same price point.