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I could understand Disney deciding to not release any of their classic animated movies to Blu-Ray until the market was more mature, or possibly to stop releasing classic movies of any type until later, but I would doubt they would stop releasing new movies.

The reason for this is simple, the "Disney Vault" is a gimmick designed to force collectors to rush out and replace their existing copy of a movie with a shiny new copy, because the new copy will only be available for a limited time. This strategy will not work well unless most people they are attempting to sell a movie to have the hardware to play the movie.