Yup elfenix ya beat me by a good minute

Don't take my notes the wrong way, nothing personal
Lomo (actually a Diana in my case) is what is leading me AWAY from digital. I find even diana pics more satisfying and look better than what comes out of my 350d.
Now I've even gone and cleaned up my wifes old rebel 2000, and I bought a rangefinder from the 60's for 35mm. I'm shooting way more film than digital.
For me the fun in lomo is in the picture taking. I don't have the control I do with the 350d, and I don't even have the 95% spot on viewfinder of the rebel 2000. The rangefinder is the sharpest of all my camera's, but that can be bad for some things. In those instances, out comes Diana.
well, do you think it is self-defeating using a high fidelity 120 film on a Holga, instead of a layman 35mm?
"High-fidelity 120 film" is a misnomer. So is "layman 35mm".
The film you shoot depends on the device that you shoot with. In the case of a lomo camera, often thats 120 film. Brownies, Duaflexes, Zenobia's, Bronica's, Hassies, all take 120 film. Not many people would call a brownie high fidelity, but they use the same film as the ultra expensive and amazingly good hasselblad. It's certainly not the film, since it's often exactly the same stuff, just cut to different widths at the factory.
Nikon and Canon make a lot of 35mm stuff, but that doesn't make them any less quality than say a Zeiss Ikonta or even a Leica (arguably the sharpest and "best quality" camera available). The consumer stuff is largely 35mm because of its convenience.
Larger negatives are always nice. Sometimes the convenience of minilab processing wins.