If your receiver has 5.1 or 7.1 analog inputs you could get a player which decodes internally and outputs via analog, like a Panasonic BD55 or BD80.
I think this is a great recommendation.
That being said, and I'm in the same place as you are, what's HDMI 1.4 going to do to everything when it comes out?
I could've sworn that I saw an article here that even the connector will physically change. Ugghhhh.....
But I'm in the same place as you are, but probably am in even deeper as my display only hits 1080i, so, unless I update my player, my receiver, and my display, Blu-Ray isn't gonna make a huge difference.
I dunno about the rest of you guys, but in the interest of domestic tranquility, we're making do with what we have (and it ain't bad, either).