I liked MiniDisc.
That said ... capacity is NOT going to be an issue for theatrical DVDs. How much more bonus material can there possibly be? The most popular DVD extra, the running commentary, can already fit quite comfortably on the current format. Heck, some DVDs have three or four frelling commentaries. After that, there's only so much behind-the-scenes featurettes and deleted scenes that can be found.
So the question really becomes whether everyone is ready to throw away their relatively new DVD collections for slight picture improvement. I, for one, don't think so. In this regard, even considering the lack of studio backing, HD DVD has the huge advantage in being compatible with regular DVD.
CDs may have replaced vinyl ... but only after vinyl was out for over 40 years. Everything since CD has failed in the audio world. DVDs have replaced VHS ... over 30 years later. It's way too soon for other formats to do anything but fail.
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