No. In consumer reports opinion the component out on the PS3 is the worst of the high def DVD players they've tested.
http://www.consumerreports.org/cro/...ideo_game_systems_as_high-def_dvd_players.htm
I would Hope so its a Bluray player
j/k
also its funny that that one website has it ranked that way and everyone says its one of the Best Bluray players out there.