The Blu-ray Disc Association has announced that the specifications for the Blu-ray Disc format are now complete.
The Blu-ray Disc Association announced today that the format specification is complete and that licensing is ready to begin for BD-ROM, BD-RE and BD-R. The completion of the specification now enables content providers and manufacturers to begin the process of producing Blu-ray Disc products for a wide variety of uses.

The Blu-ray Disc Association approved these specifications on January 2, 2006. Licensing of the BD-R and BD-RE 2.0 specifications began December 26, 2005. Specifications have been approved for the Blu-ray Disc single (25GB) and dual (50GB) layer specifications.
Wow.. and just in time for CES. If you'd like to read more, the entire press release can be found here.