Sony has shelled out some information about a cheap Blu-ray player, the BDP-S300 which will sell for about $600. The new player will be approximately $400 cheaper than BDP-S1 (Sony's current next-gen disc player, pictured above). You'll be thinking about a catch in this offer, right? But it seems there are no one this time because company claims this new player will offer superior capabilities like 1080P signal output, up-conversion of lower quality signals to 1080P for output over the HDMI and will send video at 24 frames per second.

Other features include CD playback and compatibility with "Bravia Theater Sync," a system that more closely integrates the control of the player with that of the television by sending signals over the HDMI connection. Also included is multichannel linear PCM digital audio output via HDMI, Dolby Digital Plus decoding, and compatibility with a host of optical disc formats, including the AVCHD format used by some high-definition video camcorders.

Source