Is the Xbox360 a lemon in waiting now that Warner Bros has signed up to Sony’s Blu-ray?

After holding off buying a new Xbox360 until the January sales, we’re gutted to hear that the future of the console’s format of choice, HD DVD, is now looking a little like the Betamax option.

Now that Warner Bros is reported to have adopted Sony’s Blu-ray format, the PS3’s HD format of choice, is it worth investing in a Premium edition Xbox360? Why buy one if nearly three quarters of film distributors have adopted another format?

This is a major coup for Sony. Does it spell the end for the Xbox consoles given that we’re still years away from downloading all our games, particularly HD games, via the web?

Let’s see what Microsoft says at the Consumer Electronics Show in Las Vegas.