I'm planning on getting a Blu-Ray player when the prices start coming down around or just after Christmas. There are a few sub-$199 players out now and I figure they'll be down to the sub-$150 range by the holidays.

As far as using the game systems, any media file conversion they do is thrown in as a convenience. Since I'm not going to use it AS a game system, it's a waste of money to me, and would take up more space than the WD TV anyway.

I also prefer to have all my system components be dedicated to what they were designed for. I'd rather have four boxes that each do one thing well than one box that does four things half-ass.