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There is no reason to pick a combo VHS/Blu-ray player for its upscaling/HDMI-conversion ability. Your projector itself will upscale and deinterlace everything to its native resolution, as will every flat-panel LCD or plasma display, and every rear-projection LCD, DLP, or LCoS TV. The processor you are asking for is the device built into every one of those flat-panel TVs and projectors.
There are a number of external video scaler/processors (Lumagen and others) for several hundred dollars and up, but VHS is so pathetic compared to modern digital signals, no such processor (nor the circuits built into that Panasonic player) will do much of anything at all to make it look good. VHS in 2009 will look like VHS in 1977, except more obviously limited because of the quality of all the better signal sources introduced since.
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Chris
Quote from another forum: "(Antique TV collecting) always seemed to me to be a fringe hobby that only weirdos did."
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