NME, the same company that recently claimed to solve the Blu-ray / HD DVD debate by creating a disc that holds both, has now specifics of, and hardware for, its alternative HD format. VMD is targeted as a low cost high definition DVD, using red lasers -- just like DVD and CD -- instead of the blue lasers in Blu-ray and HD DVD. Much delayed, the standalone player is now expected to launch at CES in January, with a price of just $175, compared to the $500+ price of competing formats. With all the major studios backing Blu-ray and/or HD DVD, we hope you like Bollywood's greatest hits and old Broadway performances, as NME is targeting Eastern markets first. Unlike the US, Video CDs and other delivery options have flourished alongside DVD internationally and VMD hopes to take the same route for HD. No word on if it has achieved the multilayer 100GB+ discs promised, but at this price, we'll keep an eye out for NME in Las Vegas.