Netflix kicks HD-DVD while it's down [updated]

As if you needed one more sign that points to HD-DVD being dead, here it is. Netflix announced this morning that it will phase out HD-DVD and go exclusively Blu-ray.

So, for those keeping score at home, 4 of the 6 major studios have gone exclusively Blu-ray. Blockbuster rents only Blu-ray in its stores (it still has some HD-DVD via its mail order offering). Target offers only Blu-ray players in its stores. And now, Netflix has vowed to phase out HD-DVD as well.

Now I know how all of the customers of Sony's previous failed formats (UMD, Betamax, MiniDisc, etc.) feel.

[UPDATE: Best Buy has also jumped on the Blu-ray bandwagon. It will begin promoting Blu-ray as the format of the future beginning in March.

So does HD-DVD have any chance for a rebound or is this the last straw?