What is the point of BluRay?
Billions spent on increasing the capacity of a disk 5 times. For home movies users I can see a point, for computer users pointless. For portable storage we have flash drives bigger, faster and can be reused.
We need to try and seperate the idea of high capacity media from high definition content, what BluRay does is enforce HDCP. If content protection in the factor then moving away from rotational optical disks should have been the goal all along.
If I had the money Toshiba spent on HD-DVD I would have looked at SDHC cards. Large enough to hold tons of Hi-Def content, compatible with all SDHC readers in computers, laptops, portable devices. Adding an SDHC reader to an upscaling DVD player is easier and cheaper than having disk reader that reads Blue and Red lasers. Physical media is the size of a postage stamp and the surface wont scratch, even an oversized protective plastic case with the movie poster on it could be the size of an old audio cassette.
The only thing to do to keep the studios happy would be to find a way to make them read only, (not hard), and to disable copying, (bit harder). If they crack the non-copy bit then the capacity of the media can scale up much higher than optical. Sony have already said a new type of Memory stick could do up to 2TB.
C'mon Toshiba, get your thumb out your ass and get on it!!!