Breaking: Blu-ray Gets Warner Bros. Movies Exclusively, HD DVD Left Relying on Low Price
According to Warner CEO Barry Meyer, this move is a “strategic decision focused on the long term and the most direct way to give consumers what they want,” and he also mentions that “the window of opportunity for high-definition DVD could be missed if format confusion continues to linger.” Warner movies will be released on both next generation formats (HD DVD and Blu-ray) until May 2008, but the studio will then go exclusively with Blu-ray.
(*Update* The deal mentioned in the title is over, but Amazon has an even better deal: 
A few months back I purchased a high-definition television (HD-TV) but have yet to experience its true capacity (sharper images, etc.). The apartment complex I live in has me locked into one satellite provider which does not offer any HD broadcasting. And I have been reluctant to purchase a next generation DVD player because of the format wars.
The
Walt Mossberg of Wall Street Journal fame has an