Most movies are no longer released on VHS. Not only do you have to say you saved "a lot of time and effort," but you also lost watching most anything released in the past few years.
An extreme example would be when customers in my stereo store would say they were waiting for the next format of video cameras. I understand that, too, in terms of saving money, but, Mr. Customer, how do you plan to go back and re-create your three-year old's birthday party when you finally jump?
Huh? I have a digital camera. It's not HD, but it's digital, and video, so I won't miss my 3-yr old's party. I'll film it in standard definition. Because someone doesn't have the latest format, it doesn't mean they don't have any.
And I won't miss Star Trek, or Iron Man. You might miss out if you skip 2-3 consecutive formats, but if you skipped DVD, you'd be just fine, as VHS bridges to Blu Ray,
Oh, and some people don't obsess over collecting things in every format.
And missed out? Have you heard of Video On Demand? Have you heard of Cable TV or satellite? Have you heard of the... movie theatre?
Are you still on planet Earth?