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I'm a big fan of blu-ray. I have around 330 (counting box sets as one), 3 pre-ordered, and about 20 sitting in my Amazon watch list. I've pretty much upgraded my top 50 movies to blu-ray, some I've quadruple dipped, Laserdisc -> DVD -> HD-DVD -> Blu-ray, or multiple DVD versions to Blu-ray.

I watch a lot of movies multiple times and I also like the extras and commentary tracks. I've build my own home theater to enjoy it all, 1080p projector, 92" screen, heavy duty surround system. Money well spend, considering I'm into my 4th projector lamp already, at 2000 hours per lamp.

Disney keeps their prices high, although sometimes you can find a deal. It's worse with Ghibli blu-rays, when Disney finally brings them here they're $34. My favorite movie is out on Blu-ray in Japan, but it costs upto $80 to import. I'm waiting for the Hong Kong international version from play-asia.com which will still be about $40. (Waiting for Disney to publish it takes another year)