A start-up company called Cornice is reportedly very close to releasing a 1" hard disk drive, that will supposedly offer "50 percent greater capacity than IBM Corp.'s Microdrive at less than half the cost" . Cornice have stated that its 1.5GB internal drive will be retailing for just $70 - perfect for use in a home theatre PC where size and cost are both huge factors. "The drive does not use a conventional interface but instead links directly to a host processor and is designed as an embedded drive." .

Read the full article at EETimes .