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My humblest opinion:
Save the money. The diminishing returns have an exponential cost. A good Sony ES with progressive scan will make a big difference compared to your current 7 year old player. The ES DVP-NC555ES is about $600 and will be 99.9% as good as a $1200 'esoteric' player from Denon, Onkyo, Yamaha, etc.
Use the rest of the money for something that matters more, like speakers, or even good wiring.
I have a two year old Sony ES and a Mitsubishi 65" Diamond HDTV and Monstercable Z-series component video cable and digital fiber optic audio cable, and the picture/sound is incredible.
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