Look into the Sony DVP-S530-550. They are a little bit more, but still under $400. I have a friend with a 530, and if you are not in to theater, you wont have much of a problem. It has composite, component, and S-video outputs, and it also has coaxial and toslink digital outs. Good Luck.
DVD Player of choice for $200-300 range.
I'm not into Home Theater per say. Most of my money has been going into upgrading my 2-channel system. But I would like to a least start out by getting a good DVD player. This would be for watching movies only and not hooked into my audio system. My wife bought me The "Buena Vista Social Club" on DVD. I think she's trying to give me a hint. Any thoughts?