Hooray! Blu-Ray! Sony has released a new Blu-Ray player codenamed BDP-550. It comes in a slim and blue-faced design and offers the support for Blu-Ray 2.0 spec, Bonus View PiP, and BD-Live, and features a 1GB storage device, 1080/60p and 24p True Cinema output, 7.1 channel Dolby TrueHD, Dolby Digital Plus, dts-HD High Resolution Audio, and dts-HD Master Audio decoding and bit-stream output and also the 7.1 channel analog audio output. The Sony BDP-550 Blu-Ray Player is available at $500 in the fall 2008.

[via Uncrate]