TechWeb reports that NEC and Toshiba's suggestion for HD DVD's becoming the next DVD standard has been approved by DVD Forum...
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The proposal includes both read-only and rewritable formats, but only the ROM format in its 0.9 version was approved by the committee during meetings last week by a vote of 8-6.
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As the next-generation optical disk system using a violet laser, nine consumer electronics manufacturers, including Matsushita Electric Industrial Co., Ltd., Sony Corp., Royal Philips Electronics and Samsung Electronics Co. Ltd., proposed the Blu-ray Disk format that lacks backward compatibility with current DVDs. The Blu-ray format was not proposed to the Forum as a candidate next-generation DVD format, but the two formats are vying to become the next-generation disk system.
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Read the rest of the story from TechWeb
here, and for more background to the different DVD "standards" vying for becoming the Standard, read
here