It looks like the time has come for Blu-Ray to be affordable for everyone.  You can get this Sharp AQUOS Blu-Ray Disc Player for just $79.00 (after rebate).  I found this deal at www.MacMall.com.  It comes with all of the basics, including HDMI ports and support for 1080p video.  You will also be able to play all of your DVDs and CDs on this player.  It supports all the formats!