Get a Sony Blu-ray player for $99.99 shipped
The good news: it's rockin' BD-Live! The less-good news: it's a refurb, so the warranty's only 90 days. Bonus news: for five bucks more you can do better.
I hope this goes without saying by now, but under no circumstances should you spend more than $100 on a Blu-ray player.
I mean, for months we've seen no-frills and lame-brand models selling for $99 or less. And now you can pick up a Sony BDP-S360 with BD-Live for $99.99 shipped (plus sales tax in most states).
(Note: The $99.99 price will appear once you get to the checkout. First commenter to tell me the product page shows $119.99 gets a virtual noogie.)
It's a refurb, meaning the warranty expires after 90 days. If that doesn't sit well with you, here's another option (and a fall-back in case the Sony sells out): Dell Home has the Vizio VBR100 Blu-ray player with BD-Live for $104.99 shipped (plus sales tax in some states). That's a new model, meaning you get a full one-year warranty.
Indeed, I'd argue that the Vizio is the better buy, if only for the extra coverage 5 bucks buys you. Both models rock the whole BD-Live thing (and, hey, if you're pulling the Blu-ray trigger, you might as well enjoy a frill or two). Alas, neither one supports Netflix streaming or the like.
CNET's editors had, particularly about its audio and video quality. As for the Vizio, you'll have to rely on Dell's customer ratings: all 10 of them, each one awarding five stars.
So I guess I should amend my original statement: under no circumstances should you spend more than around $100 on a Blu-ray player. And mark my words: it won't be long before you can get BD-Live and Netflix for that price.
Backup deal: Need cables to connect your new player(s) to your HDTV? Meritline has a three-pack of 6-foot HDMI cables for $6.99 shipped (with coupon code MLC1933503120733N--it's $10.99 without). Hard to beat!