For the youngsters out there (I'm 48), here is my take on why I am done buying DVD's.
Bought a movie in the 80's on VHS video tape (glad I didn't buy it on Beta)
Bought my movies on Laserdisc (glad I didn't buy it on RCA video discs or DIVX)
Bought my movies on DVD
Buying movies as digital downloads (glad I didn't buy HD DVD)
After seeing how the medium changes from various formats of tape, disc and DVD formats, I've lost any interest in investing in the medium or the players required to play them. BluRay is only the latest iteration in a long list of format changes. It'll probably be around for at least 5-7 years before the next format change and the next "gimmick" to try and get consumers to repurchase the movies they may have already purchased in an older format. A digital copy protects my investment in the movies I like to watch (more than once) for the foreseeable future (probably indefinite future). I'm not interested in a piece of plastic that just takes up space on a shelf somewhere in my house and that really only has a shelf life of about 10-20 years anyway.
In my opinion, a good solution would be to place a digital download, at various resolutions, on the BluRay disc. The disc would have all the special features that some people seem to like and serve as a back up for those that wish to watch on their computers, media players, etc. It also has the advantage of being region independent and the most compatible of formats available with the smallest hardware requirements.
Anybody seriously interested in a Laserdisc collection of about 3-400 discs? Many criterion editions.
40 years ancient here, and I briefly considered selling my couple hundred Laserdiscs, too. The only one not worth mere pennies on the dollar, even on eBay where you get a bit of a premium, is Wenders's Until The End of The World. There's a Wenders DVD collection sans UTEOTW available in the States, although hard to find, and apparently UTEOTW is available region-coded in the EU on DVD, but it's either out of print and hard to find, or barely in print and still hard to find, even if I cared to go to the trouble to import it.
Our Laserdiscs look great on our HDTVs which have built in upscalers of high quality; it's not pure HD quality, but it's just a tiny bit under DVDs upconverted by a good DVD deck. The audio is analog Dolby ProLogic, of course, but these were really, really good DPL productions; some of he 5.1 surround perception on some of these analog surround audio productions, interpreted by the DSP in my Onkyo receiver, is better than many 5.1 discrete channel Dolby D or DTS productions. I'd hang onto my LDs.
But then again, we opted for a Blu-ray player and movies, an educated gamble that format would win. And then when HD DVD did indeed collapse, I went out and bought an HD DVD deck selling for $250 3 months before, and about $450 3 months before that, for $68. With two HD DVD movies thrown in, at the time each still retailing for $30 a piece at the time, just $10 off MSRP. Plus at least $20 worth of 3-meter HDMI cable, I came out like $12 AHEAD. I've been cleaning up on cut-rate HD DVD films, especially the exclusives which aren't yet scheduled for Blu-ray -- most of these HD DVDs are $5 or $10 LESS in stores or online than standard DVD versions of the same films. And it's not like they'll self-destruct in July or anything. Plus the HD DVD deck upconverts a little bit, but still noticeably, better than our premium Blu-ray unit.
I should add, I'm too picky to buy a lot of digital downloads, be they HD or SD (do they even offer HD for sale?) but for our kids... We have Netflix for renters-not-buyers, but kids' movies, the ability to buy older or new movies, my iTunes movie spending -- I've bought a bit of children's TV programming -- is about to multiply by about ten, up from all but zero. The Golden Compass was an immediate Blu-ray purchase, but the new Care Bears movie, iTunes purchase all the way, with an Apple TV, a Mac connected to an HDTV and between us all two iPhones, an iPod and a current iPod nano cable of outputting movies to a TV, this is a vast improvement. Pretty recently, my four-year-old son wanted Garfield, and I wasn't about to pay $4 to rent it for a day when I could buy the DVD he'd watch many, many times, for $14, so I ran out, tracked down and bought the DVD, took a couple hours all together; but I'd have bought the iTunes version and been done with it in 15 minutes, saved $4, if I could have at that time. Without evening think twice about it.