JVC today released their first budget Blu-ray player, the XV-BP11. This player is a back-to-basics type of machine. It only recognizes Blu-ray Profile 1.1 and measures only 1.5” thick at its fattest point. The XV-BP11 has the standard, front-mounted USB drive and the ability to read H.264 files right out of the box.

Electronista states that the BP11 can also read WMV videos, JPEG images, and MP3 and WMA audio files. It can output surround sound audio via Dolby Digital, Digital Plus, True HD, DTS, DTS Essential, and DTS HD Master Audio standards.

The price is where this player shines. At just $200, it's one of the most affordable Blu-ray players you're likely to see. Sure, the BP11 doesn't have any frills, but in this economy that's actually a selling point. I have a feeling this JVC player is going to make its way under a lot of Christmas trees this holiday season.