Ok, that's near my level of cheap (I've had people ask me at the $40 level and you get what you pay for). My most recent player was the Panasonic DMP-BDT220. It's probably one of the better units out there. Best Buy has it on sale for $115 right now I think. It's got WiFi built in and access to the most common internet applications (Hulu/youtube/netflix/pandora/facebook/etc) and does 3D (may not be needed now, but upgrade path?). Best Buy also has a cheaper Panasonic player (DMP-BD87 for $90) that is lacking 3D and some internet apps but still has WiFi built in. I went with the 220 because it was going to be connected to a 3D TV and I wanted that option.
On that note, 3D is totally a gimmick in the home. It's nothing spectacular, but it's kinda cool. I don't use it often, but it's nice to have. Not sure if that justifies the extra $25, but if you buy a player without 3D and decide you want it later, you'll need to buy a whole new player. FWIW, Panasonic makes solid Blu-ray players.