I am a huge fan of Blu-ray. However, I am finding the switch to streaming is upon us, at least up here in Canada. Except for the latest and hottest releases, purchases of blu-ray are pretty much limited to on-line through Amazon. And there is nowhere to rent blu-rays (or even DVDs): Zip.ca (a netflix-like mail-order rental scheme) has shut down, Redbox has withdrawn from Canada, and there are no more brick-and-mortar rental stores (at least within a 10 mi radius of where I live). Although Ultra HD Blu-ray excites me for the picture quality (for qualities other resolution) and audio quality, I doubt Ultra HD will be anything other than niche.
Based on prior generations of optical disc technology, the players are likely to be expensive at first. While I am likely to buy one, by the time they enter into the mass market range, most potential buyers will have already made the switch to streaming. If there is only a small market, releases may be limited to new movies and some older ones that already have 4K scans standing by. Ultra HD Blu-ray could very well be DOA.