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I think he is right in one subject area and that is "The days of (one) physical format being the standard I think are gone". Multiple formats give people options, and I personally like options.

Blu-Ray is awesome and I plan on getting a stand-alone player when the price drops down to the $150-$200 range.

I enjoy HD movie downloads on my 360, and having Net-Flix options.

I enjoy DVD for its cost, abundance, and with up-scaling options, ect.

Though I think a high rate of Blu-Ray adoption will take 3-4 more years, it has proven to be a very good option for future formats.....only time will tell.