I was rather late to upgrading to blu-ray, and stuck w/ my DVD player (cary audio DVD6) until early last year. i bought a pioneer elite BDP-05, and while i could quickly notice an improvement in sound quality (particularly the treble, although i have been accused of being hyper particular in the treble dept.) i was not necessarily blown away. i had to have the player decode as my pre-amp is all analog. all that changed when my BDP-09 arrived, which was designed specifically for idiots (lol) like me who have an analog multi channel pre-amp. the audio quality is significantly improved over the BDP-05 and my DVD player. gone is the at times shrill treble from dolby digital and DTS, and everything sounds better in DTS master and Dolby HD, although any movies released since 1/09 i have only watched in blu-ray. for movies i previously owned on DVD and later purchased on blu-ray, all have sounded better, Heat, Band of Brothers are particular stand outs, and i thought both sounded great on DVD.
As i have zero experience w/ other blu-ray players, i cannot assist in saying is it the set up or the player, or potentially both.