We too are getting the DVD.
We have a big, good-quality TV in our homemade home-theater. It's not worth spending the money on both a new machine AND a big new TV for a slight improvement in picture quality that I can barely even discern any time I've seen it in stores(admittedly Batman Begins was noticibly more detailed, but Iron Man looked virtually identical as did Cars, 300 and Tropic Thunder). People go on and on about how great a difference it is and how it's sooooo worth it. News flash: It's not some bull**** past-grippiness. We can barely afford our current set-up.
The DVD is fine. It's still got all the special features, except for maybe "record your own video commentary". When it becomes economically sensible, then we might do the whole Blu-Ray thing. Or just skip in entirely because I can't see it taking more than a couple years for things to go completely digital.
What's really funny is that when DVD players became mainstream you were paying about $300 for one machine that completely revolutionizes home video, with better picture, hours of content and special features, and the ability to go to anywhere in the movie at any time instantaneously. With Blu-Ray you're paying upwards of $800 for slightly better picture and nothing else. It's not a leap. It's a ploy.