I wonder if they could do 8cm minis with up to 16 layers, I guess they could spin it much faster with less noise and vibration, shorter seek, and still get about 120GB capacity. Sony also have a new pulsed laser being developed, if they manage to get it ready for mass production by 2013, they'd get a smaller pitch and faster speed with the same rotational speed, and that would still put hundreds of GB on an 8cm mini.
http://hothardware.com/News/Sony-Works-With-University-To-Create-New-Bluray-Laser/
http://hothardware.com/News/Sony-Works-With-University-To-Create-New-Bluray-Laser/