The specification ("Red Book", if I remember correctly) says 650 MB. Later
larger capacities (even beyond 700 MB) became available by extending the
usable surface.
If you have the hardware and software that support it, you can allow
"overburning" to use that extra surface.
I haven't watched the development. I'd assume that DVD had replaced CD, and
that Blu-Ray is about to succeed DVD.
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