I bought a ps3 during the boxing day sales just get a bluray player. I really had preference in the formats (i already had an hd-dvd addon for the 360), but i did realize that there were alot of movies only available on one format or the other.
They both look pretty good on my tv, and other then the fact that hd-dvd is region free (something i seldom needed on the dvd format), I don't really care which one wins.
They both look phenomenal, but i'm glad i didn't buy to many hd-dvd's before this news game out, becuase if hd-dvd does indeed die, and my drive dies, those disc might not be to useful in the future.
Hopefully they sort it out and we get one format, so 3rd part manufactures, and what not get on board and start to drive the prices down.