Unless Reon was more important than everything else combined, and I do mean everything else, get the Pana. If $31 is that huge to you over such an enormous difference between these players and the support behind them, you really shouldn't even jump into BD yet. Too much money for you.
Otherwise, the other side of the coin, in regards to allargon's post: if you are very sure that you will upgrade the receiver in the near future, you can take +$100 savings by not having m-ch analog outs, and apply that to the receiver purchase.
Just use SPDIF in the meanwhile. Less hassle than m-ch analogs, possibly, especially when considering bass mgmt. This is exactly what I did for several months before upgrading my receiver.