I was curious about this options and after a deep research, I found out that this is mostly like technical features realated to noise reduction during playing, (FNR: Frame Noise Reduction, BNR: Block Noise Reduction, MNR: Mosquito Noise Reduction). I'm still wondering how these features can improve the picture quality (and why there's the option to set them) since every technitian on tv forums recommend to leave them as they are and don't need to be set differently. Apparently an improvement in the Picture Quality (if there's any) after you set this features, can't be perceive at first sight or not at all on your TV. I did play with different setups and I didn't experience any improvement on the Picture Quality or even a difference between each setup. Generally speaking these features should be cut off. They would only help with poorly encoded DVDs and the tradeoff for using any of them would be the loss of fine detail in a source that is already pretty crappy if you need these.
Best recommendation: leave them as the deafault setting. Usually "Auto" mode will pick it for you anyway.