In av_phile's words, I like having the "package media" of my favorite movies. I like the 2 disc-editions, the special features etc. But I'm picky with the DVDs I buy.
Since 2002, I've collected around 120 DVDs (counting boxsets as 1). I stopped buying DVDs around 2008, when HD-DVD and Blu Ray first started to appear thinking that the days of the DVD would be over soon.
However, at least in the Philippines, DVD looks like it will be staying around for a few more years. I recently started buying DVDs again, mostly Region 2 stuff, the editions which never get released here (for example, Hellboy 1&2 in steel book, the movie Once etc).
But my DVD player (not the upscaling kind, mind you) is just about ready to conk out. And blu ray players seem to be getting cheaper. So now, I'm tempted. I figure, maybe I should buy a blu ray player now. Buy blu ray copies of new movies from hereon in. Buy blu ray copies of movies I already own ONLY if the discs get damaged or rot.
I was listening to an episode of TWIT (This Week in Tech with Leo Laporte) a few days back. Leo was of the view that the days of physical media (like DVDs, blu rays etc) would be over soon. With the advent of Netflix, iTunes, the Kindle and similar sites, it's all about streaming or having digital copies stored somewhere. So "collecting" DVDs or blu rays or CDs or any form of physical media will soon be a niche market.
I wouldn't mind having a Netflix-like service in the Philippines. That way, I just watch a movie online and not have to buy it if I don't like it. Pero matagal pa yata maging reality yan sa Pilipinas. The internet isn't as prevalent here, at least outside Metro Manila (unlike physical stores selling physical items). Copyright restrictions prevent us from accessing Netflix. Heck, I'm not even sure if our internet here can handle the traffic if everyone started watching HD movies by streaming.