I love Blu-Ray and I think it'll be cool if the Nextbox has it for movie playback but I don't think it's a must have. I can't imagine many people are sitting hoping for a BR playing 720 so they can finally enjoy the format. My guess is that most people who really care already have a stand alone player like I do and that option will remain (as will the reducing cost of owning said device).
For gaming, as others have pointed out, I see no reason why they can't/won't go another route.
I LOVE paying for Xbox Live! I also love that my love for it pisses off so many people.







