Hitachi announced on this week that they have developed a world's first multiformat DVD drive that will support all of the DVD recording formats -- DVD-R, DVD-RAM and DVD+RW. And nicest thing is that they have confirmed that the new drive will cost less than any recordable DVD drive available today from any vendor.
Manufacturers have been divided over the DVD recording standard and currently there are really three different formats that are NOT compatible with each other. Also, regular stand-alone DVD players don't support all of these formats.
