ONKYO announced today that it will be shipping its first Blu-ray Disc Player in late 2008. While there aren't a lot of details, ONKYO has stated that the player is designed to work with their high-definition A/V receivers and will offer Dolby TrueHD and DTS-HD Master Audio decoding.
ONKYO Corporation has announced that it will release its first Blu-ray Disc Player for the international market in late 2008. This player is designed to partner Onkyo’s high-definition A/V receivers equipped with full HDMI processing of 1080p video and decoding of Dolby® TrueHD and DTS-HD™ Master Audio surround sound formats.

Onkyo was among the first home theater manufacturers to offer full audio and video processing capabilities for HD formats such as Blu-ray Disc. The company’s A/V receivers deliver a complete high-definition experience with onboard decoding of Dolby TrueHD and DTS-HD Master Audio codecs. The release of this Blu-ray Disc player will be timely given that the second-generation of high-definition-capable Onkyo A/V receivers is now available.
No word yet on price but knowing ONKYO, their new Blu-ray Disc player won't be cheap. If you'd like to read more, ONKYO's entire press release can be found here.