streaming is the future.. don't fight it 
yeah we keep dvds for a month or two, hardly use them. I want to go to streaming only but the wifey wants to keep the dvd option, not sure why.
I hear that some people get a dvd in the mail, have it ripped to their server to watch later, and put it back in the mailbox the same day.

Are there site out there for BYO media server or something? I'd love to set something up in my house...
Here's a massive thread over at AVS Forum re: building a media server.
http://www.avsforum.com/avs-vb/showthread.php?t=1071162
AVSForum guys will overcomplicate everything. I just use FreeNAS and an old PC with a handful of drives in it. I have 1TB in RAID1 - 4 500G drives. Boots off CD, stores it's settings on an old usb flash drive.
Yeah, and a forum dedicated to building and restoring arcade cabinets isn't overcomplicating playing old video games

That particular thread is probably the most comprehensive resource for all options out there for media servers, and yes, it includes some pretty over the top setups, but by reading about the uber-setup, you can often pick and choose the parts you want for your own realistic one.
I run fedora linux with 3ware hardware raid cards in a Norco 4220 case with removable SATA caddies. Is it overkill? Probably, but I dinked around with 'an old pc with a bunch of drives in it' for a while until I lost a software RAID setup and all of my data/media/a bunch of time fiddling.
There's no one right setup - many many good ones out there. Limetech's UnRaid, Drobo, FreeNAS, etc.