Without having to buy either a Blu Ray player, or a PS3, you can try out Asus' O!Play Air HDP-R3
The new model has a connector HDMI 1.3, Composite video / audio output, optical audio output. The player supports playback of almost all popular video file formats, including MPEG1/2/4, H.264, VC-1, RM / RMVB AVI, MKV, WMV, MP4, MOV, and almost all known audio formats. There is a 1-port USB 2.0, the combined port eSATA / USB 2.0 and RJ-45 LAN. Dimensions remain the same and are 181x125, 3x47, 7 mm.
Check Out Engadget report .