Thanks Steven Miller for the email and MxxCon from our forum for the heads up ;)
Extending and enhancing the storage flexibility of CD-RW drives, TDK today announced the introduction of the world's first CD-RW burner capable of packing 2GB of uncompressed data on inexpensive optical discs.
Priced at just a small premium over conventional CD-RW burners, the new TDK drive incorporates a MultiLevel (ML) read/write chip that adds a 2GB super-size mode to its standard CD-R/RW recording capability when used with TDK ML-R (write once) or ML-RW (rewritable) discs.
Ideally suited to the needs of office and home users who need a fast, affordable way to backup and archive large amounts of data, the new TDK drive is rated at 36X/24X/40X in ML mode. This enables users to archive 2GB of data in less than six minutes. An internal drive with ATAPI connectivity, the new drive is Windows XP compatible and will carry an estimated street price of just $199 when it is released in the second quarter of this year. 2GB TDK Certified Plus ML-R and ML-RW discs will be available to support the launch of the drive, and will be available at estimated street prices of $1.99 and $2.99, respectively. The drive will be available in retail and OEM versions.
News source: Yahoo Finance - TDK Triples the Storage Capacity of CD-RW Drives With World's First 2GB Multi-Mode CD/ML Burner