Pros: Excellent picture and sound. Player looks very attractive/impressive. Plays most media types.
Cons: No zoom capability. Only single speed FFW/REV scanning. No SACD capability.
With the purchase of a new HD projection TV, I knew I'd be updating my old DVD (a Sharp DV-650U) as well. After looking at a variety of models, I went with this Sony unit for several reasons.
This is essentially the "next years" model of the very highly regarded DVP-NS700P player. It added MP3 capabilities, upgraded the DAC (now 12-bit 108 MHz), and otherwise appeared to be very similar at the same price point (about $200). I'm hoping this unit will have similar long-term reliability to the dvp-ns700p, given reviews for that player seen here and elsewhere.
Comparing this unit with others in its price range (Toshiba, Panasonic, Samsung), the picture and sound quality were far superior on this unit. I found that this unit compared favorably in these areas with Denon, Mitsubishi, Pioneer Elite and similar units that were twice as much. Normally I find that Sony is a bit overpriced, but in this case, it appears to be underpriced versus the competition.
From a "feature set" standpoint, this unit is not necessarily packed, but isn't bad either. It has several audio modes, progressive scan, 3:2 pulldown, 40-disc memory and the full set of outputs (component, digital/optical audio, etc.). The smoothscan and smoothslow modes have great picture quality for fast and slow scans, but only a single speed is supported for each (verus some players that will do 2x, 4x, 8x scan, for example). There is no zoom feature on this player, which isn't an issue for me but may be for others. Also, this player does not do SACD, which many of the newer Sony players will do. Progressive scan was more important that SACD to me.
The remote is intelligently laid out, and provides convenient access to the features of the player. The front panel controls are adequate, but not overdone, which allows the player to still have a sleek "modern" look, especially with the silver finish.
The player itself appears to be very well built and is very quiet (no noticable noise during playback). The player has no issues with any of my discs, including some that are probably slightly damaged and have caused skipping or artifacts on other players. The movement of the disc tray is very smooth, and provides an indicator that overall build quality is good and mechanical tolerancing is intact.
Overall, this is a great player, especially when considered against the entry-level progressive scan players at the same price point. So long as none of the features it lacks are show stoppers for you, you'll be very pleased with the performance.