Unless you're planning on doing this all yourself within a non-glacial time frame, or you already have people waiting to start implementing it, it would be real great if you would stop using definitive terms like "will" when referring to future features.
We have a thread here full of people who are willing to admit in public that They Care Very Very Much about this stuff, so I figure it's also our best odds of recruiting some people who have the ISO standards as light bedtime reading and could actually pull it off.
And I'm comfortable using "will" because on a long enough time scale, representing CDs the way I want will become the only obvious way to do it.
LN: I'm very serious about the comparison to floppies. We can convert existing formats to a raw pits-and-lands bitstream, and even if it isn't immediately possible to actually read in that format it doesn't mean we have to compromise our internal representation. The mistake I made implementing CDs the first time is that the representation was just what the Konami games needed, and other shit got tacked on. The second time, it must be done right.