Save a little more and get a PS3. 12.3k lang yata iyung 160GB (Cash, Datablitz) or 13.4k (320GB, Cash, Datablitz). Baka mas mura pa sa iba... you don't have to jailbreak if you want to use it as a BD player.
HDMI, two-channel sound unless your gear have optical connections. But it's the most powerful BD Player for that amount of money... It can play 3D Bluray if your flat panel can handle it... The PS3 games capability are a bonus...
But if you want cheap, then the CD-R King brand could do for the least amount of money... as to durability, oh well, at least you have six months to try to break it...
If you need analog 5.1 out, then those lesser known brands like NextBase and Xenon have them. Around 10-12k. Quality is probably akin to CD-R King's...