If blu-ray wins? Will it affect the console war?

[zackblue]

Recently at my local news station they discussed what format to buy HD DVD or blu-ray since everyone is  upgrading to HD. They added that blu-ray on paper is the better format, but on HD TV its the same in picture quality. They also said with ps3 selling well blu-ray has the advantage, and they also added that its warner bros that will decide the winning format, the guy also added that the winner of the foramt war will achieve huge profits.

Now if blu-ray wins this year, and HD DVD becomes obsolete "THIS YEAR" will it affect the console war?