Well... thanks for all of the info guys. I won't be going the PC route. Only, because the pros of going the PC route do not out weight the possibility of having to spend more money in the future.
While it does seem that the PC route can be made to be superior in some ways, to a stand alone player... those positives are not the ones I care about. So to me being able to purchase a standalone player that can be updated and still be used to play discs 5 years for now, is way more attractive. Specially because I can pay $100-$150 for one and be done.
Looking into the software needed to play on PC... I'd be easily looking at $150 along with the drive and also the possibility of paying for further updates in the future. Even worst, the manufacturer of the player not supporting it any further and it becoming outdated quickly.
So again, I appreciate the information.