IF you just go to WAL-MART and buy one of the cheap $20-$35 Cyberhome CH-DVD 300 DVD players and you will be able to play the PAL discs just fine.
MOST allegedly "cheap" asian DVD players will convert to NTSC or PAL on the fly with little quality loss!
visit Videohelp.com and do a search and check the "Multisystem/PAL to NTSC/NTSC to PAL" button when searching.
If your concerned about DVI outputs you can still score a sweet player for about $80-100 - Check out this link!
A one time purchase of about $100 will save a TON of conversion time not to mention saving the quality!
- RiK