Here's what it really boils down to, for any pathetic idiots who actually spend their time posting stuff like "Blu-Ray is the better format. HD-DVD is for *******.":
WHO THE HELL CARES. IT DOESN'T MATTER. Both formats are going to survive. This stupid fanboyism is pointless.
Why? Because in 12 months, combo players will be available for $300. You can already grab the BD/HDDVD combo player from LG for under $1000, and it just came out. Seeing how fast prices on HD-DVD and BD standalones both dropped like rocks in 2007, I expect the same to happen to combos, which I expect we'll see in droves by late this year.
Both formats will survive because, unlike the VHS/Beta issue, these two formats are on media that is physically the same size, requiring only different lasers and a few different chips in the box to handle both, whereas the Beta/VHS systems required significantly different mechanicals. So anyone who keeps waiting (and rooting) for BD or HD to win is an idiot. There's big companies dug in on both sides, and soon combo players will be cheap and easy to make.
OP: If you're wanting to buy a hi-def player right now, I think the key would be to figure out which format currently has more movies that you would be interested in watching, because visually the quality is identical. Personally, I'm probably just going to hold off for my $300 combo player because I prefer to have as few components under my TV as possible.