entry level bluray?


At a party last night my cousin asked me about bluray. I'm into two-channel audio and am patheticly ignorant in regard to video, but I told him I'd find out. Does bluray play "regular" DVD's? And I'm guessing he's interested in a reliable entry level player: Can you recommend some intro players? Two Questions.
arnettpartners
Ok, Dave. What is the purpose of the multi-channel outputs and the HDMI? Sorry to be so ignorant. I'm trying to catch up.
multi channel inputs are rca jacks for every channel or speaker in the
system. Older recievers that dont have HDMI at minimum need a player
with that style outputs to take advantage of latest surround sound
advances that bluray offers. HDMI takes care of this for you.....mind you
that a player needs an internal decoder to get the latest sound advances
when you go the multi channel route. In general SACD requires these
multi channel rca jacks with 1 exception being Oppo. Oppo as noted is
about as good as it gets for video...for music its an average unit but its
silly cheap for what you get.
What *he* said. ;-)

Sorry, just checked the thread again now and saw your question, but Chad beat me to it. ;-)

Dave
Thanks, guys. It's embarrassing to be this ignorant. I'd like to think I know a little about audio. But you have made this point very clear to me. Lynne
If you have the time---how would the HK Blueray (Ithink it is a BDP 1) reman being auctioned on ebay currently compare to the Panasonic that you recommend? Lynne