In a move that is very Microsoft, they have announced a new DVD standard that cannot hold as much as either of the other proposed formats, but is much cheaper to create.

Confused by HD and Blu-ray DVD formats? Wondering which player you’ll want to buy?

Worry a little more, because according to a report in today’s Taiwan Economic News, Microsoft and the Isle of Taiwan want to develop a third format and the unlikely partnership is throwing millions at the project.

The newspaper said that Microsoft and key Taiwanese organisations and players are developing the forward versatile disk (FVD), and there’s $57 million of cash sluicing around the cunning plan.

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