Very well in fact - it's one of the best upscaling players around. And you get to watch *some* movies in HD - if you have a Netflix account or something like it you will still be able to rent HD-DVDs for a while yet.
Alternatively, you could put that $200 towards a PS3, which is also a great upscaling player and, of course, does Blu-Ray. $20 will get you a remote so it doesn't feel like a 'console' too. I suggest that rather than a standalone player because it's just better value (and because of its ample supply of awesomeness).
I never really got on the "war" ban wagon.Maybe I should have.I only payed 199.99 and 40.00 of that was best buy coupons for other stuff I bought(47' Lg lcd)they gave me from the rewards program.I still get 5 more movies besides the 2 that were in the box.But still,maybe I should have waited on a blu-ray player.There just to dog gone expensive.The player I got makes sd dvds look almost good as the hd's,so if nothin else then I spent 64.00 extra for a great up converter.If they don't produce anymore new movies in HD format there is still at least 400 on netflix I could rent for same price as regular dvd.I don't know maybe I should just take it back.What does anybody think!