Measuring in at a measly 2.3 ounces and 1.6 square inches in size, Toshiba’s IK-HD1 gets the honor of being the world’s tiniest HDTV camera.

The camera is truly, unbelievably tiny and looks more like a kids’ toy than something that can capture stunning high-resolution video.

Of course, the unit comes at a price. It’s only aimed at the pro market for now, for uses such as a hidden camera on a reality show. We’re sure someone will think of other creative uses for this as well.

The company will be showing off its creation at the National Association of Broadcasters convention in Las Vegas this month. Hopefully they can find a way to shrink the cost as small as the camera’s size so we can all be shooting high-def video from tiny camcorders. [via DVICE]

It’s official: Toshiba’s president has just made a statement about the company’s “discontinuation of HD DVD businesses.” RIP HD DVD, March 31, 2006 - February 19, 2008.

We can all finally rest in peace knowing the Blu-ray has won the format war (hence the big, shiny, blue logo to the right).

In a last-gasp effort, Toshiba did announce that it will “continue to assess the position of notebook PCs with integrated HD DVD drives.” However, with a lack of HD DVD movies, we don’t see that position getting much better.

See the press release here.