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
FWIW, I just read on CNET that Iomega has suggested that they may be capable of producing an 800 GB DVD disc.
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