Pros: Frequent updates, zero computability issues, many multimedia and gaming options
Cons: No infrared!!! Sometimes too many options, can be confusing for non-tech savy
Most recently, I got a Panasonic TC-P60ST60, which is 3D capable. But I didn't have to upgrade my blu-ray player to a 3D compatible model, the PS3 was updated for it long before I was. Add to that being able to 3D game, and the PS3 has re-solidified it's place in my setup. I no longer use it for Netflix, I got an Apple TV I like better for that. I no longer use it as a media player, I got a Patriot Box Office I like better for that. But it remains my only blu-ray player, and gaming console. And it does both of those fabulously.
My main complaint is the lack of IR compatibility. I have been using Logitech Harmony remotes for years, and am still annoyed I had to buy the Logitech adapter to use my remote with the PS3. This has got to be the biggest oversight Sony had with the PS3. I don't want to have a separate remote JUST for the PS3 when every other device I have works with my Logitech. My other con is that the multitude of functions the PS3 can perform can get overwhelming for a non-tech savy user. I have auto-play disabled since I don't want the disk to start when I insert it, so I wouldn't dream of asking my mom to start a movie on my PS3, where she easily can on her dedicated blu-ray player.