fair price? is a 2 MB buffer adequate when playing blu-ray discs? this might make for an interesting external drive if the specs are adequate.

Reviews indicate that it is very capable of playing BDs and I've never really seen cheaper. Where it lacks is burning capabilities and ripping speed.

Yeah, doesn't even burn DVDs/CDs - kinda crappy if you'd rather have just a single drive. Otherwise it's fine, though.

Are there any good Blu Ray player software that is free?

Some of these come bundled with a lite version of powerdvd ow windvd, you would have to check with the Egg. The lite versions only support multi-channel sound via S/PDIF.

no burning feature, useless.

Just keep waiting guys, the burners will come eventually.