TheCheese33: Hells yeah! I don't even have a Blu Ray player yet, but I must own HD copies. I will find a way to get my hands on my old PS3 again, or buy a cheap player.
I recommend the PS3 over the cheap player, if you can manage it. Most of the stand-alone players I've seen are either too slow loading menus, or bug out on some discs entirely. I'm sure that's not how all of them are, but I've yet to see anything but excellent performance with a PS3.
ovoon: Bluray is a waste of money. People falling for a dumb gimmick. DVD players are much more common, accessible, and don't look that much worse.
Actually, I can see a great difference in quality when the Blu Ray is one containing a newer film, which is designed more for high def in mind. I mostly watch older films though, and even with excellent clean-up jobs, they aren't often much better than DVD. All the same, some older films such as "The African Queen" were restored quite well. This is of course on a 1080p TV.
At the same time, I agree with your perspective that DVD is good enough. (At least most of the time.) I still purchase DVDs now and then, even occasionally over a Blu Ray edition.