NME announced today that they've released their latest HD VMD player and discs into the European market. According to their press release, the HD VMD player is expected to cost about euro 179 ($245US).
New Medium Enterprises (NME) releases its latest commercial HD VMD (Versatile Multilayer Disc) Player and discs into the European market, debuting at IFA 2007. HD VMD brings full high definition (HD) 1080i/p, high quality players to consumers for an attractive RRP of euro 179, at soon to be announced stores.

HD VMD is positioning itself as "The New Definition of High Definition" by giving consumers what they have been craving -- an affordable, full HD player and DVD upscaler with superior image playback. Combining the best industrial opto-electronics and disc technologies, HD VMD brings together established DVD red-laser production infrastructure with novel break-through multilayer disc technology to deliver its Full HD picture. Consumers can expect more exciting developments to come, as HD VMD's multilayer disc technology is industrially capable of storing over 30 GB on a single sided disc.
NME also announced that they will be launching into the worldwide market in October/November with a bundle containing a player and 5 HD VMD titles. If you'd like to read more, NME's entire press release can be found here.