I agree - I don't care who wins the battle. But, since I will buy a PS3 and I won't even consider a X-Box until it includes HD-DVD, I am currently in the BD camp.
Most people really aren't aware of the standards being written into HD disc technologies for video playback.
MPEG2? Well of course...
But, there are about a dozen different formats that will be available and will be required on HD players. This includes multiple audio streams and formats as well as different CODECs including MPEG4 and possibly ASF.
Finally, different resolutions are going to be acceptable including 480i, 480p, 720p, 1080i, and the soon to be heavily sought after: 1080p/24
Will HVD blow them away? That, of course, depends on marketing. We NEED HD technologies to have HD discs of the highest possible quality available. But, HVD, while it may provide more storage, may not have any content in the video world that would use a full disc. So, if 50GB is enough for a HD movie and full playback with killer audio, then having 200GB available, but only using 50GB would likely not be enough to cause the industry to shift from HD discs to holographic discs.
I have said it before and I think it is the key that will guarantee BD success: PS3 will include Blu-Ray out of the box. A million units will be sold in the first 24 hours almost guaranteed.
Do reading on how long it took DVD to penetrate 1 million homes.
HD-DVD will likely be far ahead of Blu-Ray in sales up to that day PS3 hits the streets. The next day, Blu-Ray will have ten times as many units in homes as HD-DVD.
Am I 100% positive about this? Nah... But, if I were a betting man, that would be where my money would go.