Don't get that Magnovox Blu-ray it's a piece of junk and doesn't have the internet connectivity that keeps them updated.
You can pick up a good Sony, or similar for around $150, even less if you belong to Costco or a similar club. I'd get the PS3, but if your not interested in the games on it then save yourself $150 and just get a good Blu-ray player, that can connect to the internet.
Just curious, do you already watch DVDs on your 360? Do you have it hooked up with HDMI? On a 1080p HDTV? If you do you will probably not see that much of a difference by getting a Blu-ray player. Well except for costs. To me on my TV BD discs and newer DVD's up converted look about the same. Yeah I know some people on here will say there is a dramatic difference. Most of them are trying to push the superiority of the PS3, but really the differences are very subtle.
The only true big difference is on older DVDs vs Blu-ray. Then there is a bigger difference.
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