I’ll sell you, because I was just like you and didn’t want to buy a Blu-Ray player.
Your letterbox top and bottom blackscreen are huge on a up-Converting DVD player. The movie may be clear but it is squished.
As for the cash, Amazon has Blu-ray for 25.95. Hulk, Iron Man, Wall-E and The Dark Knight are all priced at that amount. If you want to Redbox, it will still play on your PS3 and you get a nice game system out of it.
Redbox will go Blu-Ray as well. Netflix did.
I think you are confused about this. The sizing of the black leterbox bars should be in relation to the aspect ratio of the film. Pictures are not "squished" on DVD in comparison to Blu-ray. You may be referring to the "zoom" features on players and TVs. If you watch the same movie on DVD and Blu-ray, there will be no difference in size of the bars and there will be no "squishing" in either format unless you do the squishing.
The only difference will be in picture resolution. Blu-ray will have a higher bitrate and higher resolution, but the picture size as it is shown on your screen will be the same.