blu-ray
1. larger capacity
2. faster read speeds
3. way more major studio support (can%26#39;t get disney, fox, or sony movies on hd dvd!) Blu-Ray! hd-dvd Blu-Ray Rather than the meaningless "my games console format is better than yours" answers that you are going to get, you need some facts. Blu-ray discs have the potential to be better: larger capacity is one key advantage (some others were listed by another answerer.) However, that does not mean it will come out on top. The betamax/VHS case is evidence of this: the inferior VHS won eventually.
So I%26#39;d say, if you define "better" as "technical specifications which show a higher quality, amount of storage capacity, etc." then Blu-Ray is the format for you. If you define "better" as "the one with the most movies", you will just have to wait and see what the public go for and then ultimately what the movie people go for. Too much money has been invested by all parties for either to fail. It won%26#39;t be long before there%26#39;s a compatible player for both formats.
From when I went on a visit to Codemasters, they were all raving about Blu Ray because of it%26#39;s capacity, but that%26#39;s gaming.
It%26#39;s a case of sit back and wait to see who/what is going to happen and win through consumer demand because of the price at the moment. Remember when DVD came out? £400+ for a player.and now you can get a Tesco value player for 17 quid!! Whoever gets the price down first will win regardless of the quality. Beta was superior to VHS but look who won! As you can see from the answers every one has their own view point. If you are thinking of buying I would hold on a bit yet till one or the other becomes standard. The Blu Ray squad including Sony Disney and many others are changing the specification of Blu Ray and there is some discagreement on whetehr or not the PS3 will actually work with the new spec. That%26#39;s a blow if you just spent the best part of £500 onone. More info on this is in this weeks Micromart magazine.
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