All right, I guess I'll chime in with what I know.
First of all, I own a PS3 and a 360. When it comes to a high def movies, I support blu-ray though.
I went into buying a PS3 knowing that it would be a rough first year. I've enjoyed many games on the PS3, but sadly not a hell of a lot of them were exclusives. I bought it for the games that were to come out sooner or later. My main reasoning was Metal Gear, then things like LAIR were also heavy motivators. I'm thrilled to be learning more an more about the game Uncharted: Drake's Fortune, which is just some awesome looking adventure game, sort of a present day Indiana Jones. I also presently suprised to find out the other day that Time Crisis 4 is coming out for it come Christmasy time. Personally, I'm very excited for what's coming.
Yes, it's not making me the happiest these days for lack of big games. But some of the functionality of the PS3 is making me happy. As of now, I'm justifying the price as Blu-Ray player. It's given me a lot of movies that have made me happy, and there are a lot of movies that I'm looking forward to in the future. One reason I'm siding with it is that there are a lot of movies that are potentially exclusive for Blu-Ray. The only Hd-DVD exluisve company is UNiversal, and will confess that it has some movies I really would want, with things like King Kong and the Bourne movies being my favorite. BUt right now as it sits, Blu-Ray possibily offers me more movies I want.
Now, on this story about all of these Fox movies being cancelled. Now, I can't prove any of this 100% so don't give me crap. Right now as it stands, the most likely answer to this is that the movies are in fact delayed. A good while ago, the HD-DVD codec was cracked, and there was that whole fiasco of the codes being placed online. A little while after that, Fox "canceled" the movies. Some companies have said that they will NOT be releasing any movies until after a new Blu-Ray codec type thing is realeased later this year called BD+. This new codec is supposed to have better protection from hacking, along with implementing new PiP programs for Blu-Ray. The strongest rumor is that Fox is in fact waiting for this new Codec to be released before they release any more movies to stop their BD movies being hacked an posted online. Of course, goodness knows this program will be hacked sooner or later anyway.
In other words, Fox is (maybe) waiting until this new program is released and implemented into their new movies for extra pretection against pirating. So, don't bash me for expressing my opinions on the PS3 and Blu-Ray. But goodness knows that relentless people will. These are just the biggest rumors, and can't be proven, so don't consider me an expert on the situation and giving me crap for something I know little about.