It looks like the death of HD-DVD is already starting to pay off, with BluRay drive makers ramping up production and prices dropping rapidly.
A search of PC parts price search engine Staticice.com.au shows a Lite-on BD-ROM drive can be purchased for as little as $203 -- a huge improvement on the $1500 prices for the very first BluRay drives that came onto the market. (UPDATE: A Pioneer BluRay combo drive is available for even less - $199.)
This Lite-On can read BluRay at 4X speeds, write to DVD at 12X and CDs at 32X. Interestingly, the much higher density BluRay disks have a slower seek speed than the more basic CD and DVD formats. It takes the drive 350ms to hone in on the right part of a BluRay disk, while it takes just over half that time for a CD or DVD.