We're spoilt with BD, but .. IMO .. we're still spoilt with DVD. I suppose it depends on your generation, as NOTHING can compare to the heyday of VHS trading/tracking. That's not just to do with the quality upgrade of DVD, but the accessibility of getting films (thanks, internet) you once had to jump through hoops to get hold of - but wasn't it worth it?
So a lot of love for VHS is nostalgia, yes. But I still miss my tapes and consider DVD a blessing. The fact blu came along just enhanced that and made home cinema more cinematic! But I still buy DVDs and I'm no AV snob. If something is only available in a 4:3 VHS print, I'm happy watching it (a HD TV just makes it look shitter than my trusty old CRT).
I tend to buy blus on offer or special upgrades (like my Xth copy of The Exorcist, but boy does it look lovely in HD). No way would I upgrade everything - couldn't afford to, nor wish to!
I should mention the whole laserdisc thing passed me by.. I went from VHS to DVD.
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