Here's an interesting article that argues that we'll continue to see CD-format audiobooks for a long time to come:
http://www.emedialive.com/Articles/ReadArticle.aspx?ArticleID=14938
"While the manufacturing community truly worries about how they will afford to get into Blu-ray replication and how they will get business, there is one area of optical discs that is booming: audiobooks."
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