Need HDMI knowledge pertaining to Denon receivers

I once bought a (R,B,G)component video to HDMI converter for $50 on eBay, and the quality was really bad; really dark and nasty. I did not use top quality cables back then so...
I now have Denon 5910 HDMI and really enjoy its video quality. Its colors are more cinema like, it won't get the sharp clean detail as Blueray. However, I thought Blueray colors are pale and lifeless. If you enjoy just the movie, go for Denon 5910. If you enjoy looking at tiny sweat on the face, hair on the hands, nose, or eye-lash, or 1 tiny gray hair on the back of the head, go for the Blueray.
With a very good (expensive) component cables, the color from Ayre DVD is best I found so far. I also have seen it on Krell DVD Standard but it couldn't get close to Ayre's colors quality.
I'm not getting Blueray yet because first their sound quality. Second , I don't and will not have Blueray disks for awhile...
* Don't buy the component video-to-HDMI converter.

I respectfully disagree about the quality and sound of Blu-ray. having seen dozens and Dozens of different Blu-ray players, they blow away DVD just about every time. However, if you buy a cheapo player, or your HD monitor/TV isn't up to snuff, then your going to get poor video quality. DTS-MA and DD-HD are incredible and even my wife can hear the difference. Even she can see the difference between dvd, HD-TV and Blu-ray and the only thing she's interested in is Regis and Kelly. I have no problem getting Blu-ray disc. Netflix has a large selection, and all the new stuff is on Blu-ray. It's rare for netflix to ship me a dvd anymore.

I forgot to add that I was VERY impressed with the sound and picture (color & details) quality of the $2,000 Denon Blueray 3800BDci in movies perspective. Other lesser BlueRay players that I auditioned and stated above were from Samsung, Sony priced around $300 to 600 when they were first intro'd (years back.)So yes, the BlueRay players can be good especially a used Denon BD-3800 can be had for less than $1K, same as a used Denon-5910.

Thanks for the responses guys. I guess I will pass on the 5803A and keep my eyes open for the 5803.

oops meant 5308...