Your friend probably buys Monster cable too....hahaha.
Anyway, the others are entirely correct. In terms of regular DVD players today, you can spend very little and get excellent players. When it comes to Blu-ray however, I'd spend a little more and go with a mid-level one, say $400-500 range and that should get you a very decent player.
By the way, Pioneer settled a very large class action lawsuits over the poor quality of their players.