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Heck yeah, I'd upgrade it. For that awesome TV?!
Let's see, $400 max budget?
Bah, let me direct you to Ecost and a refurb Denon 2900, for starters. Slightly past your ceiling budget, but that's tempting.
I love the Zenith 318 at anything below $500. IMHO, it's still the player to beat HOWEVER, the Denon 1910 over DVI is said to be better (no white or black crush like the Zenith tends to have over DVI.) On the other hand, the Zenith over component, doing upconversion, really is hard to beat. I'd give it a long, hard look if I were you, along with the Denon 1910, Yamaha s1500, the Yamaha s2300 mark 2 has a new MSRP of $699 as does a new Denon 2900.
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