Well was just reading what one of the vice presidents of Sony was saying and now that this has happened they are working on profile 2.1 (yes that means your profile 2.0 ps3 will need to be upgraded) and that the downloads to upgrade are going to cost $4.95-9.95 for each upgrade. If you dont upgrade you WONT be able to play new movies that come out with the 2.1 profile. They also mentioned that at one point (he gave a rough estimate of 18 months) you will have to actually buy a new blu-ray player (that includes a new ps3) to be able to play new movies as well. On top of that Warner, Fox, and Disney have plans to start off next year with making quite a few titles on blu-ray only (meaning they wont ever come out on DVD). Basically forcing people to a format change if they want to keep buying movies to play on their player.
So there you have it sony ****s the consumer again. Toshiba was actually keeping this from happening with keeping HD DVD alive.... So heres to hoping Microsoft comes out with high quality streaming movies
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*edit
I should mention for chems sake no this is not on any news sites but a private forum I have access to. its not on any news sites because the details of how this will work is still being kicked around.