Universal DVD Player

Hi all!

I am looking for a new universal DVD player. I want to buy a DVD player that can handle SACD and DVD Audio. I also want the best quality picture and I have heard of 1080p but not sure what that means.

If I buy a DVD player that can handle the 1080p picture quality, do I need to have a TV that has 1080p capability as well? I believe my TV has the 1080p and it also has HDMI connection.

What some reasonable price universal DVD players out there that can do what I want?

Thanks for any advice!!!