I was, honestly, kind of surprised the BR studios announced so much stuff for the first quarter.
I was also kind of surprised at the lack of specific announcements by Universal (although they did have a flier which listed some titles, but in the face of Sony/Disney/MGM/FOX's announcements, it looked kind of anemic -- still some good titles though). Warner/paramount didn't really announce many specifics either... But they should have an abundance of titles.
I realize CES isn't necessarily a software show, but it's still a good place to announce that stuff, since software, ultimately is what matters on these formats... a "vaporware" 51gb disc? Doesn't really matter much (30gb has been argued to be enough for ages, and I don't necessarily disagree with that). Chinese players? Lite-on, for example, is also on the BR side and has announced a BR drive -- none of those chinese companies made any announcements themselves, which generally means they are far off, so what the HD DVD group announced wasn't anything that will affect consumers this year, most likely... CES '08 is where we'd see them. Onkyo player? That's a nice addition to HD DVD side. Meridian announcement? Likely no player to hit before '08, as even in their press release about it, they sure sounded early on in creation of it (the press release was sort of ambiguous -- no doubt they'll make a player, but it won't be any time this year we see it). Toshiba's HD-A20 sounds pretty good too. They had a few good announcement, but overall a pretty underwhelming showing as far as tangible product (be it software or hardware).
BR definitely has the content advantage in theory and starting in December it started to be realized. The only disappointing thing about BR's showing this year was the lack of more ~$500 players -- there may be one, but the players for '07 didn't have any announced prices. BR was sort of at a disadvantage, as far as player announcements go -- I don't imagine most of the companies were all that eager to announced their Gen 2 players when their Gen 1 players just got released in the last 2 months -- Samsung was the only company that could be reasonably expected to announce a good sounding Gen 2 player, and they did (at $799 msrp though, should be able to find ~500 deals on those though... as the now $899 msrp Gen 1 player is ~550 new). Sharp announced a player, iirc, but I think it's another high priced unit. We probably won't hear about a Gen 2 player from Panasonic/Pioneer until Q2.
If I had to choose who had the better showing, I'd definitely say BR, since all that matters to me at this point is content. HD DVD definitely won '06 with a lot of excellent titles early on (warner/universal were on the ball), but it seems '07 is BR's time to shine.