Olympus and Fujifilm announced a new storage format for digital cameras yesterday, called xD-Picture Card, which can hold up to 8GB and is less than one inch square. Of course the first ones will only be able to hold up to 128MB, which makes me think these will have a tough time catching on in the face of better established storage media for the digital camera like CompactFlash. CNet has the story here and Digital Photography Review has some extensive information about it here.