Are you talking about the newer ones with HDMI that upscale the image?
If I remember correctly it is upscaling the image to the lowest end of HD, not the full 1080i or 1080p that HD-DVD and Blu-Ray do.
From what I have seen the upscale is pretty good (meaning it will look good and sharp on a HD set instead of soft looking), but it will never be "real" High Definition unless its HD-DVD or Blu-Ray.
There is not "much" difference but if you are getting a new DVD player AND you have an HD set anyway it does not hurt
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