Looks like I'm the first to post on this forum as being a victim of the faulty disc drive.
I insert a disc, any disc be it a game or a Blu-Ray, only to be greeted with a grinding noise and eventual disc read error message.
This was post day one update and post installation of the Blu-Ray player. There are videos on YouTube of fellow sufferers. Time to pack it up and ship it back to where it came. It's times like this i wish it was store bought instead of internet bought as i won't get my replacement this side of the PS4 release (i'm in UK)