grab a PS3. I have the 40gb and it is super quiet. Supposedly some of the higher models are noisier, but I can't vouch for this with personal experience.
Hasn't failed to play a disc, the picture is fantastic, and the sound is as well. Some folks bitch about the controller being a bad remote. Its fine with me, seeing as how I just play movies, and occasionally pause them using the start button to pee or get more water or peanuts.