Generally, I prefer the sound quality of hi-res DVD-A, but I find DTS-equipped DVD-videos to be quite listenable.
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For surround sound, I still prefer dts over any other format. The mixing is much better, although the mix on dvd-a is improving. I have several dvd audios that also have dts and I usually listen in the dts mode. Although the dts is a compressed mode, it has much greater resolution than DD or redbook cds. Of course with dvd-v with dts concerts you also get the video. IMO the state of the art sound and video is Mannheim Steamroller's Fresh Air 8--in dts.