The company has said that it plans to unleash its new player (which was originally announced several months back) in October or November of this year. Yesterday's announcement was made at a preparation event for the IFA tradeshow in Germany, where Samsung is expected to display the player in late August. 

Unlike LG's already released BH100 dual-format player, Samsung says its BDP-UP5000 will support all features of both formats (including BD-Java and HDi, as well as web-enabled supplements on both formats, via an Ethernet connection).

Samsung has yet to announce pricing for its new hybrid player, but it is expected to retail at a lower price than the LG player's current player.