About time, if you ask me.  Blu-Ray, proprietary and region-centric tho it may be, is the better format.

TOKYO (Reuters) –
Toshiba Corp (6502.T) is planning to give
up on its HD DVD format for high definition DVDs, conceding
defeat to the competing Blu-Ray technology backed by Sony Corp
(6758.T), a company source said on Saturday.

The move will likely put an end to a battle that has gone
on for several years between consortiums led by Toshiba and
Sony vying to set the standard for the next-generation DVD and
compatible video equipment.

Toshiba to give up on HD DVD, end format war: source – Yahoo! News