Blu-Ray and HD DVD


I want to upgrade my dvd player and there are a lot of nice choices out there right now. However, I'm concerned that whatever I buy now will be obsolete in a few months when blu ray (HD DVD?) hits the market. Am I missing something or is now the time to wait instead of plunking down serious cash on a player that isn't HD compatible? Also, am I mistaken in thinking that blu-ray = HD DVD?
tonyp54
800 GB! Thats impressive, there's also the new animation chip Sony and others are working on ( computer animations so lifelike it will be impossible to distinguish with the naked eye)... maybe Brad Pitt might have to start looking for a new line of work.
Dan, you may be on to something.I recently read about the PS3 and Sony's vision is that it becomes a living room appliance. SACD, Hi Def DVD and video games, what more can you ask for?!?
Tony,

How about I ask for dual HDMI outputs? Well I don't need to because the PS3 already has them. This goes along the lines of it being a living room appliance with potential multi-room capabilities. However, Sony took it a step further. At E3 they were used to display a game via dual projectors that allowed the seemless integration of a realtime in game image across two 1080p screens! Now I just need to spare up $18,000 to pick up those projectors...

-Dan