You should be able to get something cheaper that works just fine. My BDP-1600 Samsung retailed for more than $200 and was on sale last Xmas for $90. Just keep your eyes open, tis the season to get deals.
IMO All wifi streaming is spotty at best. I went with the Sony S470 and put a gig switch in my audio rack. Feeds my bluray, media center pc and TV. I have tried many bluray players so far and for streaming ability the Sony has been the best so far.