There are a number of Blue-Ray players out there for $400 and under. My personal recommendation is to research the Sam-sung BD-P3600. Its packed with features and has excellent picture quality. Its wireless and has 1Gb onboard memory to store BD live content. Also another plus is that it has onboard decoding for Dolby TrueHD and DTS HD Master Audio. So this is just my opinion, so look around.
Just tried out the Samsung bd1250 and it broke after two days. I'd love to find something with the same features i.e. netflix and pandora. Are those only offered by Samsung? otherwise open to any players under $400, any suggestions?

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