yeah, the whole competeing formats thing is plain stupid, much like the same area being covered by five different mobile phone networks when one woulod do the job at a fraction of the cost if the providers teamed up, i suppose thats the cost of capitalism...
anyway, one format will win pretty quickly, personally i own two dvd's (well one film and one box set of firefly) so it's a non issue, the xbox 360 will probably have a HD dvd player by the time i get one unless it dies before the standard is even out thier which is suspect is what is going to happen.