Ashish: Subhash commented that " There are issues of decoding of all HD codecs in PS3". Have you experienced any of this? Do you agree with this?
Sumit, what Subhash has said is a problem with the Phat PS3. That too the problem was that Phat PS3 was only capable of LPCM out for the HD formats namely DTS MA HD and Dolby TruHD. Since you are looking at the slim, this issue has been overcome. Slim is able to bitstream uncompressed audio and present it to your AVR for decoding.
This is why I bought the slim. Now, I need to get an AVR that is HDMI capable to experience it.