Toshiba has announced that they will be launching the world's first HD DVD recorder on July 14th. Along with HD DVD recording capabilities, the RD-A1 is equipped with a whopping 1TB of hard drive space.

Toshiba Corporation today unveiled the future of home video entertainment in an age of digital, high definition content: the world's first digital hard disk video recorder integrating a recordable HD DVD in combination with a 1-terabyte (TB) hard disk. The new "RD-A1" can record and store up to 130 hours of high-definition (HD) broadcasts on its high capacity hard disk and record up to 230 minutes of HD content to a single HD DVD disc. In addition to superb image and sound recording and playback, the new recorder also offers an extensive range of advanced functions made possible by the versatility of HD DVD, including optimized navigation and menu displays. The RD-A1 is scheduled for roll out in the Japanese market from July 14.
The RD-A1 also comes with a hefty price tag of 398,000 Yen (~$3,436US). If you'd like to read more, Toshiba's entire press release can be found here.