Got excited about that BD-HP20 Blu-ray player from Sharp you picked up before Christmas? Well the bad news is, is that its been replaced and upgraded at CES in Las Vegas.

The new model, announced at the show is the BD-HP50U, complete with BD-ROM Profile 1.1 support and of course 1080p video output.

The BD-ROM Profile 1.1 provides secondary audio and video decoders for Picture in Picture (PIP) capability, as well as a USB terminal for a local storage device.

The unit also outputs 1920 x 1080 24 fps (frames per second) high-definition video and features a Quick Start feature that allows the user to start a disc in less than 10 seconds.

The player also offers multi-channel audio output via HDMI connection by decoding Dolby TrueHD and DTS HD. It also decodes Dolby Digital Plus.

Compatible with a wide variety of formats including BD-ROM/RE/R, DVD Video, DVD-RW/R, DVD+RW/R, and Audio CDs the BD-HP50U will be available in Spring 2008 and cost around $799.99.

No word on UK pricing or availability.