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I'll probably hold out for the UBP-U700, which adds Dolby Vision, but this is a good price.
I can't say if the actual sound quality is improved as my all-in-one surround setup is only Dolby Surround, however the audio downmix is much more dynamic and wide (especially the rear channels) compared to the constrained Xbox sound.
I'd skip and wait for the X700 if you don't need any of the extra luxuries of the X800 (Bluetooth, DVD-Audio, etc.) but want Dolby Vision HDR, which the X800 lacks.
Edited to say videophiles will want the UHD discs... the X800 will tell you the size of the data stream in both disc and streaming form. I've seen discs spike over 100Mbps with 10-15Mbps for audio (not using Atmos) while streams typically run in the 15-45Mbps range combined.
The X700 is a "budget"-minded player; I wager they'll sometime soon introduce an "X900" of sorts that retains the premium features and build of the X800 but adds this Dolby Vision profile.
Edit: Also wanted to point out that owners of Sony BT headphones (1000X in my case) that are LDAC capable... the X800 can output moves/music/streams in LDAC giving "CD+" quality audio. First time BT sound degradation didn't jump out at me.