Depending on the upscaler, it can make a DVD look much better. I just went through with this experience. I got the Oppo just this week (981). It is excellent and up to par or better than the PS3.
The difference it can make is smoothing and de-interlacing the video at a higher resolution. Obviously, it won't add detail that's not there, it will make it look better though.
I'm gladly enjoying both my PAL and NTSC DVD's on the Oppo. I would have just liked to stick with the PS3 but it cannot be made region free at the moment.
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