So Bluray and HD have been out in the world for a couple of years, but what's your personal experience with it?
Personaly I watch a lot of HD anime releases on my laptop lately, but I hardly notice the influence of HD outside the internet. Our local free avaible tv channels are just about to start to broadcast HD television next year. I only know one guy who has a full HD tele (with the proper size to use full HD) at home, but don't know anybody who owns a bluray or a bluray player (beside PS3s).
When I go to our local electric stores (the bigger ones), I never see full hd teles showing full hd shows. They almost show the usal PAL signals. Yeah I never looked that hard for it, but I still never noticed one

The first time I saw full hd in action was in a games room of an anime convention. They played Soul Calibur IV on a full hd tele. Now that was impressive! Anyway I never saw a full hd film/show on a full hd tele.
... and what's up with the prices for bluray movies? Do they really expect me to pay 30 bucks for ramstered copies of crappy movies Alien vs. Predator 2? Hell no I won't!
I was too young and uninteressted to take care about the switch between vhs and dvd, but I have the feeling that the change from dvd to bluray is much slower. For the switch of vhs to dvd you just had to buy a player (well almost only a player), but for bluray you need the player AND a new tele to see the advantage of bluray and hd. That's why I think the switch goes on much slower this time.
Also I don't think the cd or dvd will die out soon. They're just too handy to use and have enough memory for a lot of things. Just look at PS3 and 360 games. There are hardly games that would benefit of the huge memory of a bluray disc.