OK, I think we can call it over. Blu-Ray wins.
I myself bought a Playstation 3 about two weeks ago after learning that it supports certain streaming media protocols that I happen to use. Between the Blu-Ray movies, the support for streaming video, photos, and music, and the PS3 games, it is such a great all-around entertainment box that I'm a little stunned that it was made by Sony. Too bad it isn't backwards compatible with the PS2 games . . . .
Also, too bad that the format we're stuck with has such a dumb name. Better than "Betamax," I suppose, but still not great.