I got into DVD when I bought my PS2. The current plan for Blu Ray is the same as DVD, when I get a PS3. I'm hoping the rumors about a slim PS3 are true and it comes out late this year or early next year.
For DVD it was a ton of different factors that made it worthwhile. For instance, the increased amount of space on the storage device that could hold more hours of content, the fact you don't have to rewind them, how they degreade as badly as magnetic tape basted storage devices, scene selection, and the advent of surround sound systems.
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