And it plays HD DVD's. I purchased mine approximately 6-7 months ago for £450 . Even then it was superb value for money. I am not a fan of upscaled images, I much prefer HD, but this really does make the most of the DVD's that I do have. I have also recently updated the firmware on this player, so that it is now multi-region (for standard DVD) as well as being able to output bitstream audio (TruHD, DTS HD Master Audio, DTS HD, Dolby Digital +) to an HD av receiver that can decode it(i.e Onkyo 605). It also contains analogue outputs, which mean that it can internally decode TruHD and DD + and output them as PCM to an older av receiver. Oh yes, it plays HDDVD rather nicely as well!