TDK Electronics 
announced a new CD-RW format which will allow upto 3.2gigs of data to be stored on a special CD format.  The CD technology will mean writing speeds of upto 36X (2minutes a CD) for the new format, and 12X for standard CDs.  The new CDs only cost $2 US each, and the new CD drives are expected to cost similar prices to the standard CD-RW drives.