I believe both formats are backwards compatible. On the downside, Sony and Toshiba have broken off talks to develop a unified format. And I wouldn't worry about any new formats either. It will be years before anything becomes the "new standard." DVD hasn't even established itself as a "standard." Its been around for less than 10 years and its future is already uncertain. Contrariwise, look at what the CD has accomplished. It remains the standard for over 20 years now, and is not going anywhere anytime soon. It has toppled vinyl, cassette, minidisc, DAT, DVD-A, and SACD. Contrary to what a lot of (less than educated) people think, downloading will not become the norm and make physical media obsolete.
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