Microsoft will be smart to avoid it as I am sure they will...
By next gen, bluray and any disc media in general will be a data bottleneck. Looks like Bluray will top out at around 12X read speed and even at that speed, most blurays have a maximum transfer rate of 350 megaBITS per second(44 MB). This is slower than most newer 7200 RPM hard drives. Not to mention that bluray or whatever drive just adds to the cost of the console which I'd rather have Sony or MS invest in to a better video card or more ram.
PS Vita has the right idea as does the 3DS when it comes to game storage. Solid State memory should be used with a minimum of 100 MB/s data transfer rate. Now we will see if SSD prices can be driven down enough to be used as gaming storage.
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