I thought that a TB was still theoretical and only 300GB had been proved, just like 200GB Blu Ray has been proved - but neither have left the confines of the Lab. Although a propriotry bit bucket is able to be gotten to market much faster there it remains as a bit bucket in a isolated environment for example the IOMEGA dives and disks.
Blu Ray theortically has been around for a long time in the lab - but it has taken many years to move it from the lab to a commercial product. Stanardisation is even yet to occur (HD-DVD vs Blu Ray).
For this to become a commercial standard especially for movies, the movie studios are going to want to get involved in the DRM (there goes at least a year), for it to become a standard a number of companies need to support it (this is HD-DVD's biggest risk) another long period of time, then there has to be a need either real or be able to be created by a PR company.
You may get the loosers of the current war to join forces, but I don't think the consumer will be in any hurry to change, as this move to HD is going to hard enough, as it really only applies to large screens. On a 20" TV the standard broadcast picture looks fine and Digital as good as DVD, and there will be marginal improvement with HD of any kind. If the sceen is 100" and larger there is a desperate need for HD and between 20" and 100" the need becomes more evident as the screen grows in size. I think 1080p will be more than enough for screens below 100" and that covers nearly all the population. As for cinema there are not enough of them to generate a special media and standard data transportation methods will more than meet their requirements.
It may even be the Holographic disk that misses out as what is comming next? Maybe Bill Gates will be correct, in his statement that Blue Laser discs will be the last, all storeage will become solid state - one day
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