Tomalak301: I understand your feelings about double-dipping (I feel the same way!), but I honestly don't think this qualifies. Here's why: CBS has put an extraordinary amount of effort into rescanning and reconstructing the entire series and rebuilding all the visual effects from the original film. It's not quite an all-new series, but I think it's pretty darned close. I think ST:TNG in HD represents a quantum leap in clarity, detail, and color. It reveals so much that was originally lost in the murkiness of standard-def video, yet remains faithful to the artistry of the show's original creators.
Oh, believe me, Mike, I'm already sold. The price seems reasonable, I'm just wondering what I do with the old sets. Keep them (And let them collect dust) or try to trade them in somehow. TNG is my favorite series of all of them, so maybe this is something worth paying for (And then getting a blu-ray player later if I need to). We'll see what happens.