And hey, maybe you're content with playing the hell out of two games, waiting ever so patiently for those new ones to eventually be released. Not everyone is, especially when one considers the substantial investment required to do so. One can put the same amount of money elsewhere, and be playing some really great games right now.
So as everyone's said, waiting for those games to actually come out before buying the thing, is at this point, a very sound idea.
Well, while the picture may be slightly better than DVD on a standard-definition TV, the only way to justify that particular aspect of the console depends entirely on whether or not one owns a TV capable of getting the most out of it. A slightly-better-than DVD picture isn't worth it, so you'll have to spring for an HDTV as well. While they aren't expensive these days, if you don't have one going into this, you're going to drop some extra cash on top of the initial purchase of the console in order to make the most of the Blue Ray player.
It's not a big deal if you have the cash, but it's something to consider if Blue-Ray really matters.
Look at
this link, which essentially says that it's too close to tell who's winning the format war, but that it would seem that HD-DVD is doing better based on sales of stand-alone players vs Blue-Ray players. It does go on to say that analysts predict that Blue-Ray will become the industry standard due to the amount of content available for players, but analysts say alot of things, and much of it turns out to be completely wrong. Regardless of their future-telling abilities or lack thereof, basically what I'm getting at is that Blue Ray isn't at all outselling HD DVD by any wide margin, if at all. Unless you have sources that are newer than 15 days old, and that paint an entirely different picture.
As for exclusives, trotting them out doesn't really mean anything, when one considers UMD. That was widely supported at first, only to see support drop off once it became clear that noone gave a shit about the format. This is something that is in the public's mind, if not that of the studios, who seem to be supporting the format largely because they put alot of faith in Sony's ability to put Blue-Ray players into people's homes through the trojan horse that is the PS3. If sales remain slow, or stagnate altogether, then I wouldn't be suprised to see studios stop releasing content for the format, just like they have with UMD.