Toshiba just announced that they would stop producing and developing HD DVD players and recorders. Warner Bros' switching to Blu-ray had given the HD DVD format the death blow. Sony won this round of the format wars, after having lost the video tape format wars in the 70's with their Betamax format.
Apart from being good news for Sony, this development is also expected to accelerate consumers moving into high definition. And it could even influence the "console wars": Microsoft went with HD DVD for the XBox 360, while the PS3 has a Blu-ray drive. So while the PS3 definitely had a bad start, they might catch up.
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