The Blu-ray vs. HD DVD battle isn't just a format war, it's a generation war. At IFA2007, Toshiba unveiled a couple of new third-generation standalone HD DVD players.
Leading the way is the HD-EP35, priced at £330 and boasting support for 24fps native frame-rate playback of studio-recorded material. It beats out its £275 companion, the HD-EP30, by adopting a first for Toshiba - high bit-rate 7.1 audio output.
Further, the '35 delivers Deep Colour - via HDMI v1.3 - whereby extra bandwidth is channelled towards higher colour precision (36-bit RGB, usually) for richer and more life-like images.
However, after comparing the output of the two models side-by-side on identical Toshiba LCD TV sets, I clearly need to go to Specsavers - there was little to differentiate them. Perhaps the 30-bit TV sets just aren't capable enough ;).
Both models support 1080p output for HD DVD and upscale to the same resolution for your old DVD collection.
The format war will be won by decreasing cost and increasing availability. In that sense, HD DVD seems to have a slight edge.