This is a decision only you can make. People here can guide you once you've made that decision, but you'll need to be specific about what equipment you have and what features you are interested in, so you can be guided in the right direction.
Prices will drop and continue to drop as time goes on. In less than two years, prices for players have dropped between 33% and 60% depending on the manufacturer. SDDVD only sold 946,000 units in NA during its first year and a half and really didn't hit dirt cheap from a reputable manufacturer until about 3 years ago (7 years after inception).
As for movie prices, if you shop wisely, you can get most new releases and catalog titles for $19.99-$24.99, except for Fox ($27.99). If you shop BB or CC you'll pay a premium. These prices are not out of line at this time compared to what SD DVDs cost during this same time period of adoption.
The problem is the Veruca Salt syndrome. People expect low prices out of the gate. The technical demand of HDM is unprecedented: internet connectivity, dual HD video decoders, advanced audio decoding/bitstreaming, etc. Would I like to see players hit $200? Absolutlely. But it is unreasonable to think they will hit that pricepoint so soon.
Good luck and let us know what you decide.
S~