What a pointless device
Let's see, what does BD have over DVD as a format. Full HD picture quality? This player isn't even HD-ready. High quality sound at up to 7.1? Nope, you'll be stuck with 2.0. Well, I guess for a few fanatics there's also BD-Live content on the intern... whoops, sorry, you can't have that either.
Still, you'll be able to watch your Blu-rays away from home. This would be a big selling point to someone who had nothing but BDs in his movie collection, if so many big movies weren't released on BD with a DVD or digital copy.