Supposedly, Playstation 3 will include a built-in Blu-ray capable dvd player and perhaps 1 or 2 games and 1 or 2 high def movies in the package. I will see what is available next year when I buy one.
I bought a betamax when they came out and the quality and slow speed was a lot better than VHS. I think VHS won because it went 6 hours instead of 4 1/2 hours on beta.