Thanks so much for all your opinions and advice...I'll let all know what I decide to do...but I'm leaning towards the stand alone.
The facts:
#1) Standalones use a IR remote out of the box without a workaround.
#2) Most standalones have multichannel analog outs for AVR's and pre-pro's that don't do PCM audio over HDMI. (Most of those don't decode all formats,
#3) The PS3 won't do region free playback. The LG BH200 can be modified with a few simple remote codes (plus a minor software hack -- no opening the case necessary) to do region free SD DVD and Blu-Ray playback. For people who don't want to be fed just what their home country feeds them, this is a real alternative. Any LG BH200 can also do PAL playback for displays that support it.
#4) DVD-A support--the Panasonic DMP-BD10AK can play DVD-A's out of the box.
#5) The PS3 uses more electricity than a standalone.
The subjective stuff:
#1) The PS3 is loud. Many say the 40GB models are quiet.
#2) Many say standalones have better PQ when playing back Blu-rays.
#3) The PS3 is ugly.
#4) The PS3 runs hot.
#5) Some standalones arguably have better upconverting abilities.
#6) The PS3 can't bitstream high res codecs for a receiver to decode. (IMHO, this one is a feature. But others want their receivers to light up. It's a fact, but I put it in subjective as it's not really a drawback.)