Despite Red's inability to make any real public statement, Japanese publication Nikkei has it that Toshiba president Atsutoshi Nishida will be announcing the final discontinuation of HD DVD tomorrow, as well as halted sales of hardware and media by March (as in days from now). Apparently Toshiba will pull its units from retail shelves, but has no intention to give burned early adopters any refunds (no kidding?); it sounds like the ceasefire will include the bare PC drives as well, so those hoping to keep using HD DVD as a personal data storage medium probably won't have much luck. Apparently the announcement will come alongside Toshiba's plans to build new semiconductor fabs, which we're sure they'll try to spin as an advancement that far overshadows the hill of beans (read: hundreds of millions) they've lost in the format war. [Warning: subscription required.]
Update: Nikkei also has it that the press conference is scheduled for 5PM in Tokyo, which is Midnight PT, and 3am ET. We'll let you know what turns up. Thanks to everyone who sent this in.