Yes yes yes, I know... it's a really old thread.
But I got one of these recently and discovered something interesting about the DVD side. And possibly it will do this with laserdiscs (but I have only American discs).
As you may know, there are alot of newer DVD players that will convert PAL discs to NTSC on the fly.
This player, when a PAL DVD is inserted (unlike alot of older players out there that will complain and not play the disc) will actually output in PAL. That's right! It will switch the video output from NTSC to PAL.
If you have one of those Sony professional series TV monitors that do both standards... you are all set.