Well I never said you shouldn't buy a Blu Ray player ;-)But if you are using an old sub $100 DVD player, the RCA cables are probably exactly what you are using. Thus you probably need to upgrade anyway... Unless you used progressive scan, in which case you are OK.
You can buy a Blu-ray player for $78. Upconverters aren't much less than that.
It's interesting to see how many cheap Blu-ray titles get grabbed up just because they're cheap. I was at Best Buy and a lot of the $9.99 sales titles were gone, even though a lot of them weren't very good.
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