I only bought an Xbox earlier this year. Hadn't had a games console since Atari. My only computer game, other than solitaire, is Lemmings. Not exactly excited about Xbox 360 or PS3. Might feel differently if the games weren't cr@p. Halo is good, don't know any others like it, driving games are rubbish. Even Halo is only interesting for so long. Why is everyone interested in the consoles when the games suck? Just a higher def waste of money IMO.
Clearly not a gamer at heart

When you are bored stupid, and you have a big desk, nice rig (PC in my case), a force feedback racing wheel and pedals and a game like
Live for Speed, then come back to me and say its crap!

On the Blu-Ray Disc (henceforth known as BD) vs HD-DVD subject... BD is the better format for 2 reasons:
1) Larger storage capacity. Blue laser = smaller wavelengths = more data crammed in one place
2) Blue laser means that the storage capacity can reach a theoretical 200GB per disk.
3) Its got a cool name! (I know I said 2 reasons but I couldn't resist)
The cons:
- New production techniques mean a massive outlay on production lines
- EXPENSIVE!
- Headed by Sony.
HD-DVD uses current red lasers and has reached it max capacity with HD-DVD. So theoretically and practically, BD is the only forseeable option for the future.
As Theo has pointed out however. Warner Bro's studios have developed a chip that is able to read both formats, which will no doubt make the next gen format war fizzle out if it takes off (as it rightly should).