Is the blu-ray player in the new Sony PS3 as good as a stand alone Sony blu-ray player?

I was wondering if Sony's PS3 is also good as the Blu-ray as the only regular support Sony Blu-ray as far as video and sound (codec)?

The Sony PS3 has a better player than the Blu-ray stand-alone Sony. None of the Sony stand alone model has even made the list of Home Theater Magazine, but the PS3 has done.

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