I want to get a PS3 but I am not sure I want it if I can't play Blu Ray movies on it. Does the new PS3 play the Blue Ray movies like the PS2 played DVD's?
No, I don't believe they do. Their might be something that is patchable in the software to reverse this, but right now it isn't so you might want to rethink your choices. PS3 is still going to be an excellent system,