Before you do anything: if you have cable, tune in A&E Monday night 10PM EST for Hoarders. If you see yourself in any manner, shape or form in this show so far as collecting mania is concerned, beware. Blu-ray discs are early in their roll-out, and greedy suits are under the impression that people really respond to a list price of $34.99. It's a money sink.
Do you rewatch? It's a lot of money for blind buys. It's easy to convince yourself you'll rewatch, or want to have it around to show to friends. Consider whether you really do this. If you are young, you may well have lots of years ahead to spend doing this.
Alotting 8 hours out of 24 for work, an hour for transit and decompression, 8 for sleep, leaves 7 for food, family and other stuff. Is there really enough time to rewatch a large collection? A two hour chunk becomes harder and harder to schedule. This is why I find myself drawn to TV shows.
Some of the best of the film experience now happens on network and cable TV. Even less time to devote to a video collection.
Some discs I have bought that were favorites I found I had already watched sufficiently. YMMV
The main plan for the future is video on demand. Bandwidth is limited for the immediate future, though. Got to assure enough width for all of that spam.
Lots of Blu-rays get botched transfers. There is a school of thought that films should be encoded to look like high definition TV shows, so lots of stuff you might want (early releases particularly) doesn't really look like film. This tends to enrage the serious collectors and the owners of projectors, who notice the problems more.
Still...
Blu-ray usually looks best, trumps most DVD and all videotape excepting the problem-ridden high def videotape.
Netflix Blu-rays seem to have a problem getting cracked by the post office, probably more so than DVDs. Apparently you get dinged $2.
Rental places have fewer Blu-rays, at least as far as I can see, and much fewer of the older titles you may really want to rent
It's yours to choose.
