So this report basically says what I have been saying for a long time?
Until 2010 or 2011 less than 50% of households in North America will have a HDTV, and quite a few of these households will not see value in upgrading their existing hardware and movie library to Blu-Ray. Even those that do see value are probably going to hold off on buying a Blu-Ray player until the prices come down to a more reasonable level ($100 or less), Blu-Ray is heavily stocked at your local video store, and movie prices are more reasonable ($20 or less, with budget movie racks making movies cheaper).
On top of that the economic downturn we're currently seeing is having a major impact on how consumers see and use credit (as I predicted) and will have a massive impact on how many people go out and make big ticket purchases (like HDTVs and Blu-Ray players) over the next 12 to 24 months. It is very likely that people who are interested in HDTVs and Blu-Ray players but are waiting for 2009 to buy one are trying to outwait the currnet downturn; it is possible that people could continue to feel the crunch for (many) years as home prices remain low (eliminating the imaginary equity many purchases were based upon) and credit standards will remain very high (to prevent a similar crisis in the future) which means that they may never feel as comfortable making as big of purchases again.
