Xbox 360 HD-DVD drops to $50

Kotaku reports that Microsoft is officially dropping their HD DVD add-on price to $50 starting tomorrow (though many retailers have already jumped the gun). I'm considering picking one up because it is a cheap entry into high def movies and a lot of my favorite movies are available on the cheap in the format. I know that Blu Ray is the way to go, but I'm still nowhere near able to pick up a PS3.