I too am a "box" snob and used to like purchasing the DVD's, Blurays and CD's for my shelf. I then realised that I rarely ever go back and spin a blu-ray anymore because I'd buy the blu-ray, register the UV or iTunes download and then stream it in HD instead.
I think what will challenge usenet more is the price of content going down combined with faster/greater synchronicity of content release schedules across the world. $50+ for a blu-ray of a movie 6 months after it's released or $10 for a (home cinema) streamable version the same or a week after it's cinema release that you can own perpetually? I'd certainly take a bit of the later.
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