I bought this player a few nights ago and unfortunately I don't like the picture quality on it. I noticed a lot of blockiness. Even worse, it has the "jaggies" problem (where round objects appear to have "jags" on them due to bad anamorphic downconversion). I was quite surprised since I was blown away by the previous Cyberhome player (the 500).
This unit does play SVCD's burned with Nero though (something that the 500 could never overcome).
Still for the price though, it's a good deal. Personally I think the previously on sale KLH (aka Apex) 300 from Best Buy for $39.99 was a better deal. It's a little bit bigger, but it has an optical output, supports wma, and had a remote that took "real" AA batteries (unlike the watch battery of the Cyberhome 300). Of course this does not have progressive scan, which I won't need anytime soon.
I picked up the Digix DVD player on sale for $42.99 at Fry's today (same idea small inexpensive unit also with component outputs) so I'll get the review on it later tonight when I try it out. If only I had grabbed it when it was $39.99....ah well, $3...must act faster in the future!