In all reality - what are you going to need 9.2gb+ of data for?
Realilistically, the only true reason you'd need massive storage (for right now, at this second) are HDTV-quality 720p o 1080p cutscenes. Outside of using alot of those (ie Blue Dragon), you won't need the massive disks.
Ultimately, at the end of the generation, I believe that if you want to use DVD9, you'll need to cut the cutscenes out that require playing a movie, and rely on 100% ingame animations to get by. For the most part though, games have been doing alot of this on the Xbox 360 that are large-er games (Gears, Oblivion).
Also, I think the whole "omg, the game is 2 disks cuz of the extra features" is idiotic. The games do this becuause a single DVD disk never was able to handle the extra features (Lord of the Rings?). Thats why most X360 CEs have a second disk (PDZ, Quake4, Oblivion). Who cares? The extra content would be able to be on a BR, but does that really make it inferior? Not really.
By 2010, I'd assume devs will start feeling the squeeze, but by then, Microsoft will be telling them "don't worry, HVD for the X720 is on the way, you can fill it up to your hearts content".
Im sure by 2011 the PS3's Blu-Ray will become the base for what the Wii2 will be (most likely), but the other systems will have moved on to even bigger formats.
It's not about space, it's about what's available and viable. DVD was viable because it was already in use for many things. CDs were the same way. DVD is still the only real viable option, because it's not proprietary technology that hasn't been adopted entirely by the optical media market. IMO, it's stupid to pump out non-standard formats. Look at what happened with the non-standard formats in many things: UMD, Gigabit Disks, GC disks. They were out of the ordinary and didn't work. Time has shown, even as far back as built in games of the Atari Era, that standard formats are the best, as they are the cheapest, most widely used, and decrease developer costs.
Now, I'd agree 100% that any console made after 2010 should be of Blu-Ray format, but not 2005-6. There's no sence in putting $100 or more into an optical drive. It didn't work for Sega CD, Phillips CDi, or anyone. Any next-gen propritary format has always relied on whatever was #1 in the consumer marketplace, provided it gave a boost to the system, because it was reliable and cheap. I know I've said the same thing 10 times, but gosh dangit, we had carts for 15 years, CDs never became standard (N64), DVDs were near standard (gigadisk), and have been standard for 10 great years.