I know I'll eventually buy into Blue Ray.
Right now though, it doesn't make sense to me. The players are costly. They still have significant bugs in them. I read these forums and most of you BR owners are salivating over dumping your current players for newer ones with features you're surprised are lacking from your current ones.
I don't want a PS3. Maybe I'm still smarting over the fact that after 9 months I had to turn my PS1 upside down in order to get it to play a game, but that's how I feel. I have a bad taste in my mouth when it comes to Playstations and their CD drives. That was an epidemic problem and I still have a feeling that Sony cuts corners on the drives they are putting into the Playstations.
The Blue Ray catalogue honestly doesn't have me tap dancing yet. I've went through it and there are not enough titles I would immediately buy (at BR prices) to justify the cost of the player
Since I have HD DVD and I have all the Kubrick movies on HD DVD (although I would have loved an HD transfer of Barry Lyndon, Strangelove and The Killing), Blade Runner, etc., I just don't see the point in rebuying those titles and taking a loss when I already own them in HD.
So it honestly comes down to price, players and movies. When all three of those converge enough that it justifies the investment to me, I'll buy in.
Right now though, I'll sit on the sidelines and enjoy my HD DVD's and the upscaled SD I'm growing to like more and more in the absence of those titles on HD.
Now if you tell me in December that Jaws, Raiders of the Los Ark, Kill Bill, Boogie Nights, American Beauty, Lord of the Rings, There Will Be Blood, Sweeney Todd etc. are all gonna be available on BR, then I will want a player. But the only must have titles I see on BR are Close Encounters, No Country for Old Men, Bram Strokers Dracula...those 3 aren't enough to get me drop that amount of coin on the hardware yet.