Let the hive mind of Engadget get that for you.
"I need help! I want a small pocket camcorder but I'm not sure which one to get. I don't want to fall into the hype of the Flip because I worry two hours won't be enough. What should I be looking for when considering a small camcorder and where can I get a good quality one with expandable memory? Thanks!"
All of our friends with PS3's agree.. BluRay is the better choice (one of them has HD-DVD player and returned it because picture quality wasn't good).
Now.. get the price down to something I can afford on a stand-alone BluRay player and I'm in.