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I have a PS3 and an HD tv (though only 720P) and there are very few types of movies I'd buy in blu-ray at the moment. The price for movies is still prohibitively high.

Maybe as sales increase, they can drop costs enough that I'll start buying blu-ray exclusively, but I doubt it. DVD is likely around for along time still.

I also adopted DVD really early on (started buying them to watch on my PC in the first few years), but the difference between VHS and DVD were much much greater.