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God forbid it's 'cheap consumer grade' shit, but the Philips DVP-642/37 DVD Player is a must have. It does DVD-R/DVD+R, MPEG (duh), DivX (not QPEL), MP3 Discs, JPEG/Picture Discs, and is software settable for NTSC/PAL, as well as about 10 clicks from being Region 0 (everything).
It does have a few nice output formats, and it's sub-$100 these days.
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