versitile media disc.
Its basically red laser technology like DVD but with some new layer tech so you can get like 50gb or something (please not I did not bother to check the stats on exact value).
Its taken off in india. All boliwood studios are releasing their movies on HD-VMD.
Who knows it might have a small chance to get out there. However won't beat blu-ray.
Cause it is definetely way cheaper then blu-ray atm.