Apparently, we have yet another hi-def format to choose from. According to this article from the DVD Guy at TVGuide.com, a third format called HD VMD is entering the fray from a company called NME (New Medium Enterprises).

The selling point of this new format is that it's a better form of high-defintion and is more cost effective. Frankly, I think they're a little late in the game and won't even get as far in the market as Betamax did.