As has been said, it looks like "Blu Ray" might win.
Having said that I am not convinced that for most people it is the right time to jump in to HD.
Years ago, before we had home video taping, the arrival of VHS and Beta was such a breakthrough that it had to suceed.
The same with the arrival of the original DVD, it was such an improvement over tapes that we all jumped at the chance to use them.
But the leap from DVD to high definition is not that great.
UK DVDs are 576 lines, and high definition DVDs can be up to 1080 lines.
But many high definition TVs sold in the UK are not 1080P capable, and can only show 768 lines.
So anyone without a 1080P TV will only see an improvement from 576 lines to 768 lines which hardly seems worth it.
Particulalry with the price of players, and of the disks themselves.
Let them fight it out and we can all join in in a year or so, when the winner is more obvious and the price has come down.