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He does kinda have a point... Though I think he may not be seeing the whole picture right now. Last year and early this year there were news about several new formats, and some actually seemed like they could have a future. Well, of course Blu-ray has a good chance as well, and it seems to be easy to upgrade (was it 200 GB or 400 GB just recently - both are enough for years to come anyway).

Besides, would getting Blu-ray to win be worth killing a profitable console franchise? I surely don't know and I probably don't have enough information to make decent calculations, but I'm sure it's not an easy decision even if it is a possibility.