Sure enough, with the Oppo connected directly from the player to the TV via HDMI, everything cleared up.

So the fun began. I wanted to see what would happen if I ran everything through the 990. (Probably should've done this in the first place.) There was/is a DVI cable laying around from the cable TV days. I put the MacBook on the DVI 1 port on the 990, then hooked the Oppo back up to the DVI 2 port thus utilizing the 990's switching.

Commenced to putting it through the paces switching back and forth with eyes peeled for the static which hasn't shown up.

I haven't an explanation as to why the static was happening but if I were to point fingers at anything it would be the TV.

Thanks for the input.