Most of the action movies I watch aren't exactly produced with 1080p and Dolby Surround in mind, apart from the fact that they aren't being picked up by any cinema over here anyway. They're often packaged in insultingly poor dvd releases too where the main clue to whether you own an original release or a pirated version is the place from which you buy it. Personally I use HK Flix for most of the stuff I can't torrent from Asiandvdclub.org.
Western films are different, I guess. I enjoy going if I know it's a good movie. I find it easier to focus entirely on the movie in a cinema, especially if it's a long one. The Town was the last one I watched. Comedies are usually good value for the money too if you're going with a couple of friends. I'd never pay to see Transformers though, or Avatar for that matter. They say that piracy is hurting the movie business but that kind of crap has done more damage than any torrenttracker will be able to match until kingdom come.