The good news is that both EVD and HD-FVD should be much cheaper than HD-DVD or Blu-Ray

The bad news is that both of them also have DRM.Basically, China and Taiwan both want to have their own HD DVD formats; and in both cases they went with cheaper red lasers.

HD-FVD stores 5.4/11/15GB (single/dual/triple layer) on one disk - not that much more than a standard DVD until you get to the three layer version. The picture quality is said to be excellent.

These new red laser based standards are likely to mean trouble for both HD-DVD and Blu-Ray as we are likely to be flooded with cheap EVD/HD-FVD (and probably combo players supporting both standards).