@shaolin007. The VSH vs DVD and DVD vs Bluray comparisons are actually quite accurate.
But give it time, until there is more blu-ray movie out (currently 600 titles), and the technology getting cheaper, people will join. At its 3rd year of Blu-ray, we read the same whnning about DVD in 2002. High price of movies, media and player. I still remember I bought my non-upcoverter (480p) Pioneer DVD player for almost $300 in 2000-ish.
And again, people who is waiting should be educated about Hidef purchase. First thing to consider is buying a good HDTV. Don’t expect miracle from Sylvianna HDTV. Get a good brand from Pioneer, Panasonic, Samsung and Sony. And more important, get 42" or larger. You are spending $1000 or more on HDTV and it’s a long term investment so don’t get cheap. When you get a good HDTV, be that LCD or Plasma (plasma is better :D) you will get a significantly better viewing experience, even from HD cable or DVD.
For people who owns HDTV and been watching and listening from its built in speakers, it’s time to think about upgrading to 5.1 or better yet 7.1 speakers together with HDMI capable AV Receiver. Again don’t be cheap. The important part of speakers are Center channel and subwoofer, then Front left and right. Center channel is where you hear the dialog. The other speakers: 2x fronts, 2x sides and 2x rears are for enhancing the surround sound. It’s important but not as important as the Center and subwoofer.
With good HDTV and 5.1/7.1 speakers you will get better experience even with DVD and HD cables. Most HD cables delivers 5.1 surround channel already.
Now after a few months or years of good experience with HDTV and surround sound, then try Blu-ray. If you like it, keep it.
And again and again, average joe who own just a HDTV set, especially less than 42" and without good 5.1/7.1 speakers, if they buy blu-ray player I’m pretty sure they won’t say WOW. They will mostly say, blah it doesn’t look any different to their upscaling DVD.