I just noticed that my media player (PotPlayer) now supports HEVC format which wil lbe the successor to H264. Probably I'm a bit slow, but this has not hit mainstream yet.
Thought I'd give it a test drive, you can download HEVC format files at
http://www.elecard.com/en/download/videos.html
A ten minute 1080p video takes around 150mb. This would equate to around 1.8gb for a 2 hour high def 1080p video. Pretty decent.
Checked the video quality and looks visually very good. Although, cannot do a side-to-side comparison but subjectively this codec looks really very good with much less bandwidth cost.
Bluray is obsolete, I'm happy.