We've no idea if it's any good or not, and at that price we wouldn't expect miracles, but here's what we've managed to gather so far.
It supports playback of Region B Blu-ray discs, upscales to 1080p and 1080i, has HDMI connectivity and will play BD-Rom, DVD, CD, CD-R/-RW, DVD+R/+RW and DVD-R/-RW discs. It will also support playback of JPEG, MP3 and WMA files.
The unit comes in black only, weighs 3.4kg and measures 5.5 x 43 x 28.5cm (hxwxd). We've put a call in to Bush's PR department to get more info, and have requested a review sample for our big Blu-ray feature in the February 2009 issue of What Hi-Fi? Sound and Vision, on sale from January 7th.