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Chrizum said:
Blu Ray will only take over once it starts to become as cheap as DVD's.

As long as Blu Ray discs are as overpriced as they are now, DVD is here to stay.

 

This.

I also like to buy older movies on DVD as the prices have come down significantly.  Seldom do I ever buy new releases because if it's good enough to merit a purchase chances are I saw it in theaters and it's still fresh in my mind.  A year down the road, by the time I want to watch it again it's much cheaper and if you frequent stores like I do you can just wait for stuff to go on sale. I recently bought The Da Vinci Code and Stranger than Fiction for $7 each, and Prison Break Season 1 for $30. 

On Blu-Ray all of that would run me between 130-140 dollars.  Compared to 44, I know where my money's going. 

I guess I'm one of those people for whom the extra quality doesn't justify the overinflated prices.  I want to see $100 players and nearly equitably priced disks with great sale prices before I even consider upgrading.