Looks like Blu-Ray will be a reality sooner than we thought. Sony will be shipping blank, rewritable Blu-Ray discs this month in Europe. The initial BD-R discs will provide 25GB of storage capacity and run at x2 speeds (72 MBps). Dual layer discs will be released later this year. Sony said the BD-R discs should debut for less than $30 / disc.
[Sony to ship blank Blu-ray Discs this month] Reg Hardware