Ray, I'm new to the PS3 thing and haven't really got into the nuts and bolts of it yet, but it appears to be able to do everything you want/need. It's turning out to be quite the nice little entertainment-in-a-box gadget. I think it was Craig (Spiffnme) who added a hard drive to his PS3, which would be a plus if you plan on storing music and movies.
I have yet to watch a Blu-ray movie on it yet. Can't seem to muster up the strength to watch Spiderman 3 again. Everyone says it's a great player though.
