Postchronicle: If you have a high definition TV and want to exploit it to its best, Blu-ray is the way to go. Even if your HDTV is only capable of receiving 720p HD, the BD disc will drive your TV to its maximum, giving you the most benefit from your HD dollar.
And now that the first generations of Blu-ray players are being replaced by newer, more capable and affordable units, and an increasing numbers of titles are being made available to play on them, there's less reason to wait than ever.
One of these new generation players is Panasonic's DMP-BD35, a player so slim it looks almost like one of those impulse item DVD players. But it isn't; it's a reasonably fully-featured unit that should be all most people need.
My reference BD player is a Sony Playstation 3, which is a lot faster, and that tends to spoil one. That said, once you get the thing working, the Panasonic does a very nice job on Blu-ray discs, DVD's and even audio CD's.