NEC announces a HD DVD drive for PCs at the IFA 2005.

The NEC HD DVD Drive HR-1100A will be shipping in limited numbers in November. The HD DVD drive can play HD DVDs with 2x speeds. It also supports current DVD formats and CDs. NEC developoed a special head that can read red an blue laser light.
Heise.de (German) reports that the HD DVD Drive will cost about 500 Euros (~$615) and ship with a movie software and HD movies. Also the report says that about 100 HD DVD movies are expected to be released in Europe this holiday season.
More details in this NEC press-release (German).
The IFA 2005 will definitely be another Blu-Ray versus HD DVD format battle ground. The two new High definition DVD formats already had a show-off at the CES 2005.
The Sony and Toshiba talks on a unified next generation DVD format are on hold.