"I have to ask -- why a Blu-Ray player? "
I would turn that around...
Why not Blu-ray?
Blu-ray is the new standard in disk media. It will play your DVDs as well as a top upscaling DVD player. It will play your CDs as well as a CD player. It will do everything a DVD player will do, for about the same amount of money. You can find a Blu-ray player for as little as $98 at Walmart. That is as much as a decent DVD player.
You don't have to buy Blu-rays. You can keep getting DVDs. But if you are buying a player, there is almost no reason at all to buy a DVD player unless saving a few dollars is the most important thing to you. And it isn't since you are buying pretty high end speakers.
I suggest the Onkyo 607 receiver. It will give you the most features for the least amount of money.