In reply to Wordgasm:

HTPC is a viable solution if you invest in a GREAT video card, processor, blu ray drive, high def TV tuner, MOBO configuration that allows for high def content to be streamed. Then, if you can afford the multiple terabytes it takes to rip your movie catalogue, you can be set.

But all of that would (I bet) come at greater cost than a stand alone blu ray deck. There'd be savings over time on a cable subscription, but you'd better REALLY love the 13 high def channels you can pull off the air... And be ready to watch HULU, etc. for most other content.