IMO, Blu-ray does not deliver it's promise [incorrect settings / mod]

[skioutwest]

I know I am going to be flamed here, but I just don't think blu-ray's picture is very good. I had very high hopes for it, especially since my Verizon FIOS provides such a great picture on the movie channels, but when watching my BR player, it just doesn't compare. Am I doing something wrong???

Here is my equipment:

Epson 1080UB projector (100" screen)
Sony STR-DA5300ES
Panasonic DMP-BD35
7 Definitive Technology speakers
HDMI 1.3a cable switched by my receiver

When running the player, I check the signal information on my projector and it is showing 1080P signal. The focus is fine, but the picture just does not compare to my 1080i cable signal....how can this be??

I am comparing my BR picture to my Oppo dvd player, which apparently does an excellent job with upscaling. To be honest, I see very little difference between my Oppo DVD and my Panasonic Blu-ray.

Any thoughts here? Should blu-ray be as good or better than my FIOS signal??

Thanks all!

-Mark