HDDVD is the inferior format. The disks hold about half the data as a Blu-Ray.
30 gigs vs 50 gigs.
The bigger thing is the bandwidth, which applies more to video, same as MP3 quality goes up with higher data rates.
I really hope Blu-ray takes over the DVD market. Things move fast, and in 15 years we might all be on download-only media.. But for the time being, Blu-ray will last.