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That one hung on for years before DVD put the last nail in the coffin. How about reel to reel? I remember seeing commercial albums aimed at consumers on both reel to reel and DAT formats. Both were superior to what was available in their time, and both failed anyway. Quality alone is not enough to win the battle.
Personally I'm not interested in a big f-off television, I don't have cable, and when the signal goes digital I do not plan on buying a converter. Netflix "Watch Instantly" feature looks great on my 22.5 LCD monitor, and their DVD's look fine on my 27" Sony T.V. Maybe I'm a Luddite for losing interest in finding the perfect picture, but I have boxes and boxes filled with these shiny plastic discs that I hardly ever watch more than once, and I am not interested in acquiring any more. In short, I am perfectly willing to sacrifice some quality if it means I do not have to buy and find a place for any more stuff.