Yeah Holographic storage is pretty awesome. And there's plenty of reasons to skip both the HD-DVD and Blu-Ray formats. Namely the oppressive copy protection (AKA D.R.M.) that's built into them.
Bluraysucks.com makes a good listing of the D.R.M. that's built into them. Of course wikipeda also has entries on both Blu-ray and HD-DVD.
All that said, it would be a shame if the companies working on Holo-format decide to treat their customers like thieves and include DRM specs into the formal format.
I agree, I buy more dvd's than and I probably should and I like to back them up. All the copy protection is just irritation and ends up costing me money because of wasted dvd's etc.