Panasonic has just announced the debut of their first ever Blu-ray home entertainment system components. These include a Blu-ray Disc player, matching receiver and speaker system.

The chief component of these is the $1,299.95 Blu-ray Disc Player (DMP-BD10). This bad boy, when released in September alongside the other components, will offer full Blu-ray Disc support as well as features like 192 kHz/24-bit audio DAC and 1080p up-conversion for all discs.

Joining the DMP-BD10 are the Blu-ray Disc Receiver (SA-XR700 - $999.95) and Home Theater Speaker System (SB-TP1000 - $2,999.95). The receiver offers features like support for up to 7.1 channels of digital audio, 100 watts/channel and three HDMI connections. The SB-TP1000, meanwhile, delivers 32 streams of audio for higher quality surround sound as well as large speaker terminals.