You will notice a difference in PQ for sure. The BR movies look very nice, especially the new releases as they are doing a great job.
Since you seem to be on a budget, Id keep an eye on the 60 gig ps3 prices and try and catch one before they are gone, or maybe look for an after thanksgiving deal.
The reason I recommend a ps3 is you get more bang for your buck(wireless,media player). Its also future proof for the most part being that most of its video handling is software and not hardware. This means you dont have the need to replace an already great BR/up converting player and can save your money for your next tv which should be 1080p.
Id recommend finding a friend with a player or watch some demos in store to get an idea of the PQ. My tv is only 720p and BR's blow away SD DVD's.
You could also check and see if anyone around you rents ps3's, maybe you could rent it and watch some movies.
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