A number of sites have reported this - here is one
http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN0432340820080104
Tons of debate on avsforum with the consensus being this signals the death knell for HD-DVD.
Not much impact here I guess with there being only one (?) HD-DVD player available and that costs $800 I recall but big in the US.
Now I have a (US) PS3 and on my Xmas trip picked up the Toshiba A3 HD-DVD player for US$178 which included 10 free titles and have since bought a few more so I guess that purchase is not going to be long-term for me. Still the Toshiba is a very good upscaling DVD player and unlike the US PS3, it will play PAL DVD's (albeit with region coding removed since there is no region free crack available for it).
Just wondering if any other GZ's have purchased a HD-DVD player?