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This article is from the DVD Formats FAQ, by jtfrog@usa.net (Jim Taylor) with numerous contributions by others.

2.1 Will DVD replace VCRs?

Not any time soon. Recordable DVD is for computer data only, not television
video (see 1.14). It will take a while before the size of the market drives
costs down to VCR levels. However, DVD has many advantages over VCRs,
including fundamentally lower technology cost for hardware and disc
production (which is appealing to manufacturers), so if DVD is a commercial
success it might replace many VCRs in fifteen to twenty years.

 

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pc, dvd, dvd-rom, dvd-video, DVD-R, DVD-RAM, DVD-RW, DVD+RW, recording, playing