With Blu-ray and HD DVD hogging most of the spotlight, most people don't realize that there are other, more affordable high-def formats on the way. According to an article at PC Magzine, New Medium Enterprises (NME) has started taking orders for its HD VMD (Versatile Multilayer Disc) player and plans to ship it next month.
New Medium Enterprises said this week that it has begun taking orders for its HD VMD (Versatile Multilayer Disc) player, a format that the company says will support high-definition video. The $175 player will begin shipping in November, according to a company spokesman.

In addition, the player will be shown off at the Consumer Electronics Show in Las Vegas in January, where an improved model will be released, the NME representative said.
The article also mentions that NME plans to begin marketing file formats, encryption technology, authoring tools and compression technologies. While all this is great, it won't really matter if movie studios don't get on board. If you'd like to read more, the entire article can be found here.