Can HD DVD , BluRay Discs compete with New 1 TB DVD discs ??

Softpedia today reported that company called Call/Recall rolled out something called 2 photon disk. In essence this new approach to optical devices could expand the storage space
above the 1TB mark.

Article explained the working :

This type of disk uses something called 3 Dimensional writing. Rather than burning two-dimensional pits (as it is the case with all current forms of optical disks), the photonic writing system creates 3D layers on the disc making it look more like a HDD with more platters. The third axis creates a far higher amount of space due to the fact that pits have more space for user data. According to Call / Recall, a 5.25-inch disk can currently hold 1TB of space which is also about 20 times the storage space offered by a Dual Layer Blu-Ray disk.

Besides the obvious advantage of space, 2 photon disks can also offer more miniaturization since a one-inch disk can hold about 50GB.

It seems the manufacturer has claimed that it is ready to enter the mass production and that they will come back with a final version in a matter of months.

Well !! I hope with the launch of these disks , the continuous rising demand for high storage for data , might be satisfied. Moreover , it might be a good replacements for Bulky Hard-disks.
What do you feel about this ???