Cassettes are obviously on the way out, but in many countries of the world they are still playing significant role. Considering all past predictions, cassettes should have been completely dropped many years ago.
My point is, that the mere fact of new better format being developed does not mean immediate death of previous formats. To effectively replace CDs (or DVDs or whatever) this new format has to be commonly accepted, the industry has to be able to offer close to all existing recordings on new media and players in every category and price range. Five years appears to be too short period of time to accomplish this. Most important is that the industry should recognize economic benefits in such a dramatic switch despite expences involved. If not, than this new format will find its niche and will peacefully coexist with CDs, DVDs, MP3s, Minidisks, VHS, USB drives, Tapes, Vinyl etc. etc.
Technical benefits alone won't make this new format successful, economic benefits - may.
I wouldn't be surprised if tomorrow we will hear about another miracle chip, which will be in direct competition with this one. Then we will probably end up witnessing new variation of VHS versus Betamax saga once again.
