Most Audiophiles/Viedophiles consider the Denon 1600 to be one of the best players ever. It is supposed to have amazing picture quality as well as very good sound. Even though the 1200 sounds the same in its specs, it is not, the components are actually not as good. If you can get the 1600 for a good price (It is hard to find) and you do not care about SACD, then I would say that is your best bet.
Denon does have the 2200, which does do SACD but it does not quite have the amazing picture of the 1600. But it still has really good picture, just not quite as good as the 1600. And it costs almost twice as much.