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Broadcast HDTV in Europe has absolutely no effect on HD DVD or Blu-ray releases. HD displays are capable of multi-syncing and will support playback of 1080p at 24fps (which is how HD DVDs are encoded) natively.

Regarding HD DVD region coding, or rather the absence of it at the present: There is no region code embedded in the current software, or region-code checking in the players, because no region coding system was developed at launch. You may also find it interesting that a Toshiba representative...