Well a few things to point out...
1. I think you are one of the few people to actually buy Cat People in the first place...lol. Seems like a really odd choice that this was one of the release options from Universal in the thick of the format war. People weren't exactly clamoring for this one. It's not a shock it hasn't been re-issued on Blu-ray the sales of it probably were very poor on HD-DVD. So $4 sounds right for this title on any format.

t: Hey, I haven't seen this remake of
Cat People, so you might be right. However, a movie's worth from a critical analysis standpoint, or from an audience's demand standpoint, is never a reason for me to select a film.
Having said that, the
Cat People remake actually does have somewhat of a following in the horror community, as I have been chided for not having seen it to this point.
The point is still the same: You can't beat $4 to have an HD version of the film which you know you will at
least watch one time.
2. I don't know if Army of Darkness will be a direct port. It was released on a measly 15GB HD-DVD and received poor reviews. The audio will obviously be an upgrade to lossless and Universal might re-encode this one for a 25GB or 50GB Blu-ray so it may actually come out looking better.
Good points. The lossless audio is a factor that would be a definite upgrade.
I will counter though that the
Army of Darkness HD-DVD received
mixed reviews. I actually wasn't going to buy the HD-DVD because I had read some reviews online giving it poor grades, but I also read user reviews to the contrary.
As someone who has seen
Army of Darkness when it premiered theatrically and owns several standard dvd versions of it, I must admit that I was shocked at how nice the HD-DVD looks. It blows away the previous editions. It felt like watching the film for the first time in many respects. Very razor sharp and impressive.
Yes, the Blu-Ray release will have more space and it may even look a bit better for it, but it's also still lacking from the standard
Boomstick edition.
In other words, two HD releases, both probably neck and neck in quality, but both also far from definitive in terms of material.....I'm going with the $4 option at this point. They will get my premium money
when they put out a premium edition, as they did with the standard.
But also it is a matter of convenience. Isn't it much simpler having one player and one format (one thats still alive and kicking) to own instead of having to deal with 2?
You are under the assumption that Blu-Ray will
always still be alive and kicking in the near forseeable future.
In my thinking, Blu-Ray is one more bad Christmas campaign away from joining HD-DVD, but that is a discussion for another time.
For this discussion, I look at how many times I actually watch a particular title. I may end up loving
Cat People, but with all the books, movies, television, music, etc etc out there to enjoy, and my lifespan not getting any longer to match the breadth, I probably won't be watching it more than 3 times proper...
maybe 5 times max, over my remaining years. So, $4 for an HD-DVD presentation that is probably equal or close to the Blu-Ray is the better investment for me at this point.
Now, if my HD-DVD player craps out prematurely, I'm screwed, I realize.

t:
Btw guys, this is not anti-Blu, as I enjoy that format as well. Hell, I love all formats and still use my VHS and laserdisc often. My only point with the HD-DVD fire sale is that it does, at least to me, offer great deals to those with the HD-DVD players to take advantage from.