The PS3 sounds fantastic when connected to an A/V receiver with 24/192 DACs via HDMI. The PS3 upsamples to 24 bit 176.4khz PCM and applies your choice of dithering, noise shaping, or no noise filtering at all. Try finding a sub $1000 cd player that does this. I have experienced zero issues with copy protected CDs. I only find the PS3 fan to be loud when upscaling DVDs-- on CD or blu-ray playback, it's quiet and a non-issue.
Revel Salon 2, Studio 2, Voice 2, Parasound JC 1s, Bryston 28bsst2, Bryston 4bsst2, Marantz 8802a, Ayre K5xemp, Transrotor Dark Star TT, Parasound JC3+, Oppo BDP-105D, Samsung 78JS9500