-Recently there has been renewed interest in phase transformation based optical storage technology. Included among the many reasons for this interest has been the achievement of: (1) fast erase in conjunction with data stability, (2) demonstration of direct overwrite with good erasability, and in the last couple of years, (3) good progress in increasing the cyclability of the media. Direct overwrite has been demonstrated at media speeds from 1.25 to 22m/s. More than 2x10 6 cycles have been achieved with low BER. In addition, phase change media exhibits strong signal response at wavelengths shorter than 830nm and requires a much simpler optical head. In this paper we review past progress and assess the current status.