A couple of days ago, we reported that LG was planning on releasing a disc player that can handle both Blu-ray and HD DVD formats. Details of the player were announced today, so here goes:

The LG BH100 Super Multi Blue Player will handle both high definition disc formats, in full 1080p resolution, as well as offering DTS-HD audio support. Early word is that switching between formats is a little slow, but hopefully they’ll work out that kink before it’s released later this year.
Now the bad news: the retail price for the player will be $1199. For about the same price, you could pick up a new Xbox 360 Premium with an HD DVD player AND a Playstation 3 with Blu-ray. However, if you’re looking for a single package that can play both formats, the LG is the only game in town for now.