If you ouput a 1080p bluray move to a 1080p TV there would be no loss of PQ. In this situation PS3 can't be any less of a bluray player than a stand alone machine.
“An engineer explained to us that hundreds of ear impressions were gathered in the name of research, and while each one obviously boasted its own unique shape and size, one single characteristic remained uniform across the board: the entrance into the ear canal is not a perfect circle, it's an oval.”
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If you ouput a 1080p bluray move to a 1080p TV there would be no loss of PQ. In this situation PS3 can't be any less of a bluray player than a stand alone machine.