A Blu-ray 1080P Player That Streams Netflix For $99.99!

We all knew it had to happen. In order for the masses to dump their DVD players in favor of Blu-ray, prices had to drop. Best Buy has their own store brand Insignia Blu-ray player for the sweet price of just $99.99. But it gets even better since this player can also stream movies from Netflix. On its Web site, Best Buy claims the following specs and information:

This Blu-ray Disc player supports 1080p output and BD-Live content along with NetFlix streaming to bring your movies to life.

Get access to great Instant Content on your HDTV through this Blu-ray player. Connect to the Internet and you will have instant access to stream movies, listen to music and a wide variety of content through your HDTV.

• Blu-ray Disc format compatible
  For high-definition movie playback with resolution up to 5 times greater than DVD.
• Delivers greatly enhanced video performance with standard DVDs
  By upconverting their video resolution to HDTV compliant 720p, 1080i or 1080p via the HDMI interface.
• Plays BD-ROM discs
  Backward compatible with DVD, DVD-R/RW, DVD+R/RW, CD and CD-R/RW discs. Compatible with MP3 and WMA formats.
• Plays Blu-ray media
  That can store up to 50GB of high-definition video and audio.
• Dolby TrueHD decoder
  For high-quality surround sound.
• HDMI output
  Provides an uncompressed all-digital audio/video link for the highest quality connection and supports copy-protected HD broadcast content.
• USB port
  For expanded connectivity options.
• Netflix streaming capability
  Via Ethernet. Firmware update required; Firmware available mid October.

Check out the reviews and see what you think. My only concern is that this unit needs to be hard wired. Best Buy has a similar wireless unit but it sells for $199.99. This makes one wonder if we will be seeing inexpensive Blu-ray players in the under $50 price this coming Black Friday?

Comments welcome.

Best Buy site.