"The formatting process for HD DVD inched forward this week with the approval of the HD DVD-ROM physical specification version 1.0 at at a steering committee meeting in Seattle."

"Toshiba Corp. and NEC Corp. proposed HD DVD to the DVD Forum as the next-generation DVD format. HD DVD maintains the physical resemblance to present DVDs and has a 15-Gbyte capacity for read-only disks and 20 Gbytes for a recordable disks."

Products are expected new year. More here.