I have an Onkyo 805, just set it up yesterday. I also have a 60GB PS3 as a Blu-ray player. I have close to 30 Blu-ray movies, and not one game.
Wow! You've been busy!
Congrats on the Onkyo 805.
Drawbacks? Well, a dedicated player may be easier to use. Right now, I turn it on, and slide a Blu-ray movie in, and it starts right up. But if I want to do a firmware update, I have to go thru a menu. Not a terribly complex menu, but one with a lot of options that don't apply to me, as I am not a gamer. Minor, to say the least. And the thing doesn't use IR for remote control, so I can't use my Harmony unless I buy an aftermarket "translator."
I figure one day when dedicated players get better and cheaper I'll get one, and move this to my bedroom - or sell it. As a game machine, it should keep more value over the years so I'll get some return on my money.
If you do get a PS3, get the remote.
I hated that remote with a passion, and I don't even use an universal IR remote. Have you ever seen so many tiny buttons on a remote that do absolutely nothing? And mine stopped working after a few months, and when you try controlling movie playback with that %$#@! toggle game controller and you'll be reminded that, at heart, you really have a game machine. Unlike a standalone player, there's no "Play, Pause" or other buttons on the console if your remote breaks.
For the OP, I've been an HD DVD supporter from early on, tried a PS3 for a few months earlier this year, wasn't impressed with the PS3 or BD movies, and sold the PS3 and went back to HD DVD only.
Well, I bought the Panasonic BD-30 yesterday at Circuit City and I am
very impressed. Nice looking player, easy setup. I played Fantastic Four: Rise of the Silver Surfer and Ratatouille last night, and they both blew away anything I'd heard or seen on BD with my PS3. FF2 looked very sharp compared to the first FF, and with the DTS-HD MA light lit up on my Onkyo 605 for decoding, it sounded fantastic! And I was never that impressed with the Disney POTC movies before for PQ on my PS3, but through the Panny, they knocked it out of the ballpark with Ratatouille - some of the very best video quality I've ever seen on my system, and the PCM audio was also terrific.
It is confusing if the Panny does TrueHD decoding - some specs say it does, others not. In my manual (p.21) it says that if you set the HDMI audio to PCM, it outputs DD+ & THD as 5.1 PCM. But, I don't have any BDs with TrueHD to test it with. But, as teach says - just set the HDMI audio to bitstream and let your Onkyo receiver do the decoding. I also have an A35 HD DVD player with HBR bitstream audio, and to my ears, even DD+ and THD sound better when my Onkyo is doing the decoding instead of the player.
I highly recommend the Panasonic BD-30. :up