Get the best of both worlds and get the XE1 HD DVD with a Reon upscaler :D
I too bought a player when they went silly cheap, i've got around 40 discs now and i've never paid more than £9 for a single disc.... the quality is stunning, noticeably better than SD even on my tiny 40" screen.... the audio is better, the firmware keeps coming, the discs are region free so you can save a packet buying from abroad - a recent fire sale in Australia meant many top titles were £4.50 delivered, yes delivered from Australia to the UK!!!
For me the biggest current issue with BR is the players... there are so many and with the exception of a Denon and a Marantz unit none of them can do what i need, or for that matter what the £120 EP35 does.... i need analogue audio is the key one so that rules out the best Blu Ray player currently on the market... the PS3, plus the fact i think it's hideously ugly and really don't want one under my TV! Sure there are cheap Sony, Sharp, Samsung models, but no PiP, no streaming of DTS-MA etc... i hate it when the wrong format wins, but hey i'm loving the bargain prices!!!!!