Yeah that is the new up and coming technology. By using a blue laser you can pack sooo much more information on a CD (because of the wavelength of red as compared to blue).
Also, I have a friend here that is working on storing optical data on a CD differently (not in the circular manner that it's currently done but in matrix form). He said that would increase the typical CD storage to something on the order of 25 - 30 GB. Though, he said it wouldn't be available for 10 years.