Fujifilm has announced that they will be releasing their new 25GB BD-R and BD-RE media to the Japanese market on January 12th. Optimized for video recording, these discs can hold up to 2 hours of video at a transfer rate of 24Mbps. Here's part of their press release, translated from Japanese:

The fuji film corporation (president: The old forest it is heavy Takashi), the Fuji film imaging corporation (the president: Sugihara harmony bright) via, in high picture quality it can videotape & can retain digital hi-vision broadcast, it conformed to the up-to-date standard *1 of non cartridge type, [bururei] disk "BD-R" for video recording (postscript type, 25GB/single sided 1 layer), "BD-RE" (it rewrites and type and 25GB/single sided 1 layer) sells from 2007 January 12th.

 With materialization of digital broadcast, in the market hi-vision corresponding equipment such as television and video camera for national welfare has spread quickly, hi-vision image while it is high picture quality video recording possibility, needs to the bulk record media which is substituted to DVD have increased.
According to AV Watch, Fujifilm's BD-R and BD-RE media is expected to cost about 1,800 Yen and 2,500 Yen respectively. More information can be found here.