It does look bleak (some things) because of DRM/HDCP but remember, almost nothing is 100% set in stone right now so I'm holding out hope. Sony Studios recently anounced they won't enforce the down-rez'n of their blue-ray movies on component.

Right now it sounds like we *should* be able to play blue-ray and HD DVD 's in a DIY HTPC (Vista) but it's not looking so great for HD Cable (cause Cable Labs are EXPLETIVE's)

-Ben
HT v2.0
HT v1.0