There is probably a good reason why this BD set is cheaper than expected. From what I understand, season 1 was not animated in native HD resolutions. It was animated in standard resolution. Consequently, at least half the episodes in this BD box will actually be an upconvert. Season 2 was animated in native HD. The price is probably reflecting this, rather than any sense of charity from the producers/distributors (Come on, we're talking Japan here).
Depending on how they author the first season, it may not look any better than the DVD being upscaled by Blu-ray player with a really good upscaler. Personally I have a blu-ray player with an outstanding upscale chip and the season 1 DVDs look pretty good. It doesn't look HD of course, but still look good. I'm guessing the DVDs were also authored pretty well which helps in the upconvert.
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