Sorry for not replying earlier. Right: the whole 24fps issue is only relevant because of the way video is encoded on to HD DVD and Blu-ray. Previously with DVD (and other video formats, plus any broadcast content) films had been converted from their original speed (which is, of course, 24fps) into whichever speed was appropriate to suit local market conditions.
So, 24fps film was converted to 30fps video to enable a 60Hz (twice 30fps) NTSC colour signal: this involved repeating a set number of frames of video in order to create six new frames from the 24fps original. The same 24fps content was slightly speeded up to create a 25fps/50Hz PAL image, meaning that PAL versions of feature films actually run slightly shorter than the Hollywood originals.
So don't worry: PAL and NTSC versions of movies don't contain information that you 'lose' in a 24fps output: rather, at least in the case of NTSC, they contain information that was never actually there in the first place.
Incidentally, this same 'telecine' process could also, should the studio concerned be sufficiently misguided, lead to reformatting of video (say, turning a 2.35:1 Cinemascope movie into a 1.85:1 letterbox DVD, as happened to movies like Enigma).
However, BD and HD DVD are quite different. Here, the video is encoded at its 'native' rate, 24fps. In theory, that's great, because it means what you're seeing on the screen is exactly the same (at least in terms of speed) as it was in the cinema. You shouldn't think in terms of PAL and NTSC video in this regard, incidentally: those are television standards, not relevant in this instance.
That said, it's unlikely that any TV display will render BD/HD DVD at that 24fps refresh rate: we're all used to 50Hz and 60Hz video speeds, as you mentioned. So, expect at least 48Hz and possibly 72Hz (twice or three times 24), depending on your TV.
But that's all assuming that your high-def disc player and display device are capable of sending/receiving video at the requisite 24fps speed. If it is, you should see no evidence of 'judder' - most obviously, a staccato feel to motion pans - or other instability. If not, your BD/HD DVD deck will insist on converting the 24fps content on each respective disc into a 50Hz or, more commonly 60Hz image, simply because many (most) older generations of TV won't recognise a 24fps signal.
Now remember: with earlier formats, the telecine process was done by the mastering studio, with no time constraints: the resulting converted video could then be 'dubbed' down on to the DVD disc before sale. With a BD or HD DVD player, the same job is being done by the player (clearly, not as powerful as a mastering studio) in real time. You can see why the whole process is fraught with potential pitfalls, and why juddering motion plagued earlier BD/HD DVD players. Happily, things are changing now.
Finally: if you've got a 'mere' HD-Ready set, you might not need to worry. Many will have video processing capable of accepting 1080p content at 24pfs, even if their native resolution doesn't allow for every pixel to be displayed 'dot for dot'. Panasonic's Viera range and Pioneer's Kuro line-up are good examples. Both will handle 24fps/1080p, even if both have to scale the video down to meet their respective HD-Ready resolutions.