Everyone here seems to assume that Warner will either back HD DVD, Blu-ray, or both but what about "none of the above"? Don't forget that Warner is first and foremost a media company and that they might well conclude that online delivery is preferable to either of the next-gen optical formats and attempt to set up their own proprietary online delivery service for their catalog. I despise AOL but it is a very strong brand name that is currently faltering, an online movie delivery service might be as good a use as any for it going forward.
Despite the insinuations that have been put forward I doubt 4th quarter player or disc sales are going to be the primary driving factor for Warner. More likely they're weighing whether or not they really want to support a next-gen disc format at all or whether there is a more profitable way to distribute their wares.
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