Reuters is reporting Toshiba is dropping the HD DVD format, which would basically be the end of the competing high definition DVD formats (or DVD Wars). Toshiba was one of the companies that backed this format from the beginning, and is generally considered to be the largest producer of these devices.
It looks like the competing Blu-Ray has just about won this war. There will be days when kids will say "What the heck was HD-DVD" just like many of you may say "What the heck was BetaMax".
For those of you a little less technically savvy, note that this doesn't have anything to do with HDTV, that's an entirely different issue.