Regardless of what happens to HD-DVD and blu-ray, I'm still keeping my HD-DVD player and will still expand its library until the actual death of the format.
It's also the primary reason I am considering buying a PS3 at the moment--for the blu-ray player, but it will probably be another month or two before I actually buy it. I _hope_ that maybe Microsoft will release another peripheral for blu-ray support, but it looks unlikely at present.
It's a shame that HD-DVD will probably lose the format war though, I personally think its the superior format for the consumer.