With Blu-ray and HD DVD hogging most of the spotlight, most people don't realize that there are other, affordable high-def formats available. One of the more promising alternatives is HD VMD from NME. The company recently announced plans to target PC users by offering affordable HD VMD drives and downloadable playback software.
NME Creative and Software Division announced today that it has successfully trialled its HD VMD playback software as well as VMD multilayer PC drives.

The company will release the HD VMD playback software for download in February 2007, initially in 10 regions worldwide. The software will also be offered to hardware manufacturers as a bundling solution.

The proprietary Multilayer PC drives will go on sale in the 2nd Quarter to playback the 4-layer VMD discs. The VMD multilayer drives will be made available at an affordable price and can replace all existing PC disc drives.
While NME has yet to break into the US market, they've signed distribution deals in India and parts of Europe. If you'd like to read more, their entire press release can be found here.