Sony and Matsushita working on Blu-ray camcorder

We're still waiting patiently, ever so patiently, for someone to release a Blu-ray disc recorder here in the States,
but already Sony and Matushita (the heavyweight behind Panasonic and JVC) are taking things to the next level and are talking about releasing a Blu-ray disc camcorder next year. Besides  costing many thousands of dollars (at least at first) and probably only coming out in Japan (also at least at first), the camcorders almost definitely wouldn't use full-sized Blu-ray discs (which can hold up to 50GB of data), but instead would use 8cm discs which can hold up to 15GB
and are the same size as those mini DVD-Rs used in DVD
camcorders today.