It was only a matter of time before a Blu-ray-recording cam appeared on the market, and it's happened sooner rather than later. The Hitachi BD70 Blu-ray Camcorder ($TBA) records video at up to 1920x1080 resolution onto 8cm Blu-ray discs or DVD. The BD70 features a 5.3 megapixel sensor, and the Blu-ray discs it records can be played immediately in any Blu-ray player, including the Playstation 3.
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