Toshiba has officially announced that it will be pulling out of the format wars and will be ceasing all manufacturing of HD-DVD equipment.

Toshiba made its announcement after Wal-Mart announced it would no longer carry HD-DVD stuff. That means SONY’s Blu-Ray emerges as the victor in this format war between the 2 Japanese electronics giant.

But then I really like what wired.com has to say about this:

This leaves Blu-Ray as the presumptive victor in the irrelevant optical disk format war. It now must face up to the real competition: the continuing success of DVD and the growing popularity of downloads, both on the internet and on-demand cable TV.

Source: Wired.com