Plextor America has officially announced their new 18x DVD±RW, the PX-760A. Here's part of their press release:

Plextor Corp., a leading developer and manufacturer of high-performance digital media equipment, today announced the PX-760A DVD±R/RW CD-R/RW drive. The multifunction internal drive is aimed at professionals and power PC users who require reliability, lightning-fast performance, and premium recording features.

The PX-760A is a versatile DVD/CD burner that delivers state-of-the-art recording speeds of 18X DVD±R on certified 16X DVD±R media. Users can burn up to four hours of high-quality MPEG-2/DVD video on a single 8.5 GB disc using 10X DVD+R on Double-Layer media and 6X DVD-R on Dual Layer media. The drive also supports 8X DVD+RW and 6X DVD-RW Rewriting; 16X max DVD-Reading; and 48X CD-R Writing, 24X CD-RW Rewriting, and 48X max CD-Reading. DVD±VR is supported for direct disc recording, while DVD+RW background format eliminates the need to manually format a DVD+RW disc.
The PX-760A is expected to ship in April for suggested retail price of $119.00. More information on Plextor's new drive can be found here.