You can use recordable DVDs and lay down stereo LPCM tracks up to 24/96k, which is certainly "high-rez." One potential problem with this is that most consumer-grade DVD-V players won't process 24/96k, so the player does a down-rez to 24/48k. Still "high-rez," but...
The DVD-V spec does not allow for hi-rez lossless multichannel. For the recording industry, this does not seem to be a problem. The recording industry has discovered that many people think that 5.1 surround sound in Dolby Digital is better than CD-quality sound (especially since they've been led to believe that MP3 is "CD-quality").
As to the demise of SACD in favor of a copyable hi-rez format, again I would not bet on your prediction. One of the primary reasons the record companies adopted SACD and DVD-A and now Dualdisc is because all three formats offer copy protection of hi-rez data (and Dualdisc also allows the CD side to be copy-protected as well).
The DVD-V spec does not allow for hi-rez lossless multichannel. For the recording industry, this does not seem to be a problem. The recording industry has discovered that many people think that 5.1 surround sound in Dolby Digital is better than CD-quality sound (especially since they've been led to believe that MP3 is "CD-quality").
As to the demise of SACD in favor of a copyable hi-rez format, again I would not bet on your prediction. One of the primary reasons the record companies adopted SACD and DVD-A and now Dualdisc is because all three formats offer copy protection of hi-rez data (and Dualdisc also allows the CD side to be copy-protected as well).