Does PS3 upscale standard DVD

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AndyLFC5

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Hello, can anyone give us some advice, was looking into getting a HDMI dvd player very soon, but another more costly option was to buy a PS3, correct me if I'm wrong but it looks like Blu-ray is taking off better than HD-DVD, not that I will be buying many Blu-ray films thats more for the future (when the prices drop). But the main reason is I want to upscale my DVD collection via HDMI, so does the PS3 do this, and is it good. I have a 360 which I am very happy with, but have gone off the idea of buying the HD-DVD for it, as there are not many films out.
 

Moogle

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