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I agree with Adam - even if you own a HD-DVD player, it's a risk buying further HD-DVDs. It's all well and good while your player is working, but if it breaks down, you'll be left with lots of pretty red boxes containing unplayable discs. I had to replace my first DVD player 2 years after i bought it, so this isn't me being pessimistic or a fanboy!
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With 1 million odd HD DVD players 'out there' I'm sure you would be able to get a cheap replacement on Ebay or elsewhere...
If you own one single HD DVD disc you need a HD DVD player. So what is the difference between owning 1 disc or 100? In the end of the day the XE1 is a superb player that will hold it's own up against the competition for years - 1080p/24 output, HDMI digital bitstream output for all audio formats, full PiP capability, superb build, excellent picture etc. Why waste such a capable machine - especially with so many people desperate to sell their discs off at such wonderfully cheap prices.