We all hope so. However, Blue Laser DVD is in the very early stages of development and has a long run ahead before coming to market. How long? I wish I knew.
However, I personally don't really like either current proposal for HD-DVD: Blue Laser or Red Laser MPEG 4. FMD (Fluorescent Multilayer Optical Disc)looked more like a step in the right direction -- something to not just match the D-VHS technically, but far surpass it.
I feel HD-DVD should be at least twice as better than D-VHS. The two current proposals are NOT (ignoring the format difference of course).