Sandstone,
I don't have a BDP-95 to make such a comparison. I think I slightly prefer HDMI to balanced analog (XLR) from the XA5400ES, but it's such a close call it's not worth the quibble. I use a Cary Cinema 11a pre/pro.
I also have a BDP-93 connected via HDMI. I have been toying with the idea of selling the BDP-93 and XA5400ES and buying a BDP-95 after reading Kal's review in Stereophile.
As a generalization, I think the BDP-93 sounds a bit "warmer" than the XA5400ES in my system, but I'm not sure what the acoustic correlates of warmer might be, a bit more mid-range, a bit less detail, I just don't know.
db