As first announced on MacMinute.com, nine technology giants have announced plans to adopt the "Blue-ray Disc" standard can record and rewrite up to 27GB of data on a regular CD-size (12cm) single-sided disc. Licensing of the format could begin as early as Spring, although it's unclear when such recorders could appear on the market. The technology is being viewed as a crucial component to expand high-definition technology: more than two hours of high definition video could be stored on one disc, or 13 hours of standard broadcast-quality video.
CBS Marketwatch
CBS Marketwatch