the 'bugs' in the software are still being ironed out. the chicken and the egg
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HD-DVD was to be the first players on the market but i just read a major setback might put BLUERAY out first.I would save my money and wait for the PS3,tell the wife its for the kids and sit back and check out the format since Sony has already stated they will be including BLUERAY drives in PS3,worth a shot.
By the way, I was talking to a rep I know at a local HiFi shop and he made an interesting point. He said that he thinks HD will ultimately come out ahead unless the blu-ray disks are heavily subsidized. He noted that HD disks are between 1/5 to 1/7th the cost of a HD disk. Although blu-ray disks hold more info (upto 50gb, if I remember correctly???) vs. the (HD disks upto 30gb), he said consumers and manufacturers will not be willing to pay a huge price differential because both will adequately store the contents of movies.
Add to this that bluRay players are expected to be much higher $$$$, it's a problem.
Anyways, if anyone else has insight or can correct/ substantiate this view point, it'll be appreciated.