Blu Ray or Oppo?

It so happens that my VCR and DVD player are nearing their end together, in a coordinated sort of way. To replace them I am thinking of two componets:

(1) A DVD recorder + VCR combo. Considering Panasonic DMR EZ47VK, because it seems to get good reviews, but other recommendations are welcome (should have built in tuner).

(2) A better dvd player. This is where I am confused.

The best regarded dvd player seems to be Oppo. But they don't make Blu Ray.

If I get Oppo, it would be great quality and I can live with it until they or somebody else comes out with a well-built Blu Ray. Downside: I have to keep buying standard resolution dvd's, and I won't be happy with those when I do get my Blu Ray player.

If I get Blu Ray, my fear it will be a cheaply made machine which might start flaking on me (Amazon reviews). Upside: I can start building up my Blu Ray collection right now.

What would (or did!) you do?

All comments and advice appreciated.