This is a new product from Philips for this year pooja bonanza and it was initially priced at 5400/-. Further the price of unit has been slashed down to 3900/- and at present it is selling like hot cake.
The player is pretty slim again only 43 mm height with progressive scan for both NTSC and PAL systems carrying disc reading capabilities of all type of formats u can think of except DivX/MPEG4, DVD audio, SACD etc. It also has decent outputs including component video and digital pass through SPDIF coaxial link.
This player may replace DVP320 and overcome the problems faced by 320 users being too small and compact in nature. Though it lacks facilities like optical output and parallel L/R audio outputs along with composite one to use both TV and audio systems both at a time, the price at which this is thrown at market by brand like philips is really a welcome from common entry level user point of view.