So to everyone who bought a HD DVD player and started building a catalog, congratulations you are the proud owner of 2008's betamax.
Engadget also has a post covering the end of the format war.
I am so glad right now that I never had the money to get into the format war to start with. Now let's see how long before Blu-Ray becomes obsolete and is superseded by a new format? 5 years? 10 years?