According to the associated press, Toshiba has officially declared it will no longer develop, make or market HD DVD players and recorders. At the company's Tokyo offices, Toshiba President Atsutoshi Nishida told reporters on Tuesday, "We concluded that a swift decision would be best."

I'm not a big Sony fan, but can we finally get this shuyh on the roy'd? What's going to happen now, and how fast? Any guesses?