Philips DVP642 DivX-Certified Progressive-Scan DVD Player
This player delivers.
Based on some of the reviews I've read, this player might give me problems down the line, but right now, I'm thrilled.  I purchased a DVP642/37 and it played my PAL dvd's right out of the box.  No need to hack or anything.  Easy set-up, nice picture and I'm watching region 2 stuff with no problem.