Paul,
IMHO if you are willing to get in on a format where the future is uncertain then you should give these formats a try. The technical qualities of each is outstanding, but I think HD DVD is a little better overall because it uses (so far anyway) only VC-1 for its codec and BR uses MPEG-2 and 4 and VC-1. So far the consensus is VC-1 is producing the best results, but maybe as time goes on the authors will improve the results with the different formats. BR seems to have the edge in the titles coming out as HD DVD doesnt seem to have as many titles exclusive to it (many are out on both). If you were to buy just one, my heart wants you to buy HD DVD because I really feel that the enthusiasts are behind that, but rationally, Id say its BR. They have more support of the studios. My HD DVD player is a fantastic DVD player as well (toshiba xa-1). I have yet to try the panny BR player as a DVD machine. So far I have been impressed with the panny's picture and sound but the build quality and overall presentation it gives are just OK. If you could I would suggest getting both. Btw- be warned that both of these players take a long time to "boot up"- I keep mine on most of the time because of this. If you have to pick one Im afraid its BR.

best regards,
Jerry

Best regards,
Jerry
Main System: 861v6, DSP8000s in corners, DSP7000s Center and Sides, 1-9 humans.