The Multiview Video Coding (MVC) codec has been chosen to store 3D on Blu-ray, which despite doubling the HD output by providing a 1080p frame for each eye, will only need 50% more storage space than the regular 2D version.
The format will allow for 3D menus and subtitles as well as the main feature, and all 3D discs will be backwards compatible so you can play them back in 2D on existing Blu-ray players as well.
The best news comes for PlayStation 3 owners though, which as Nvidia predicted, will be forward compatible with new discs which means no forking out for new hardware.
Finally, the 3D Blu-ray products will be compatible with any 3D display, whether it be LCD, plasma or projector, and will work with whatever technology the displays use to deliver the 3D image to users.
As expected, the Blu-ray Association has said that it expects 3D products available from next year, but dates haven't been announced as yet.
We're expecting to hear plenty more on this at CES in a few weeks, so keep it locked to Stuff.tv for the latest as it happens.