Steve,
I have just ordered a LG3350e from dabs for a knockdown price of £175!!, It uses the Ziva4 chipset which the new line of LG players use, it will play all region disks, RCE without any disk swapping, CDR/CDRW/VCD and has an on board dolby decorder too. To convert to MR & VCD is a simple remote hack (the remote is also the best iv seen with glow in dark buttons and a jog shuttle ring).
For more info on this and teh newer models chk this excellent site out http://www.lgdvd.co.uk/
hope this helps