There's actually a better solution, as far as I can tell. And I hope it takes off (but not really sure how likely it is).
There's this Total HD format being developed by (I think) Warner. Sort of the opposite approach as a dual player, really. Instead, the discs themselves work for either type of player. So effectively, such a format would make the whole format war obsolete -- you could instead focus on getting the cheapest player.
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