I agree with your points Hugh and 57
Personally, I have now both HD-DVD (the 360 add-on) and Blu-ray players (the PS3). I own only 1 HD-DVD movie, King Kong and only because it came with player. I have yet to find a single HD-DVD or Blu-ray movie that I'd want to buy.
This is partly because the content is not there yet and partly because I'm recording movies I like from TMN HD (and occasionally other HD channels) which is replacing the need to buy the movies (if they are available).
Yes it is a great value, but my point is that I hope that more channels mean more of a good thing
LC60E77UN, 8300HD+HDD, TX-SR876, TSS1200, PS3, Xbox360, DVP642, H880
LC46D62U, 8300HD+HDD, HT-TQ85, Wii, HOne