I have had a Blu-Ray since the beginning, first a Sony BDP-S300 then a Sony BDP-S350 (the 300 still works -- we gave it to my sister-in-law when we got the 350 free with a new TV). I have never had a problem with it except, very rarely, a freeze-up that requires unplugging the unit and then plugging it back in. This has happened twice in its three-year life so far, and I had as many problems with any DVD player, and indeed any VCR, I've had before.
At least once this was caused by my daughter getting some greasy fingerprints on the surface of the Blu-Ray disk. Only once (the first time) was the problem inexplicable.
I think Sony has updated the programming/firmware twice since I got the thing in 2008. It's not much of a burden really, and if you don't want it done "right now" you can put it off as long as you like.
I think Blu-Ray is great, but they can indeed dump the DRM. I mean, really, aren't those guys rich enough already? Consumers making copies, particularly of Blu-Ray disks where VERY few people have recording devices, cannot really cost them any meaningful percentage of their profits, and the people who would obtain the copies were unlikely to purchase the originals anyhow.
The big boys who make thousands of copies will also break whatever DRM scheme they concoct anyway.
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