I gotta go with A-M...compare Blu discs to standard on price-vs-content, not whether you're getting one or two or however many physical discs. Clarity aside, BD's other claim to the throne is capacity. The 10 disc Ultimate Matrix collection is only 4 or 5 discs on HD and BD (coming on 10/14), but they retail for the same basic price range.
And yes, everyone wants the player prices to come down, and yes eventually they will, but when to spend that money is a different decision for everyone. To use the standard "car" analogy - would you rather have a cheap car that's expensive to insure (yes, they do exist) or spend a little more for a car that has lower insurance? I was actually faced with a decision like that when I bought a new car a few years ago, so I know it's possible and not just theoretical.
Corollary to the "disc count" issue - one of the things I hate about 2 disc releases - 1 film/1 supplement - is that they use the extra disc as a reason to jack up the price. Early on, discs were dual sided instead of 2 disc sets. Know why they stopped doing it? Because people complained that they had to actually read the disc core to figure out which side to play. They wanted something idiot-proof like artwork on two separate discs so that they wouldn't have to think about which side of the disc is which. ',:-\
"The problem with the quest to make the world idiot-proof is that it challenges the universe to create better idiots."