http://en.wikipedia.org/wiki/Blu-spec_CD
I think the sentinel is on point with that. There's not much more in the Wiki article.
Personally, I'd love to see music just migrate fully to Blu-ray releases for maximum audio quality but have a FLAC download included in the package (like the MP3 downloads you get when you buy vinyl now). Some companies seem to be leaning in this direction and I'm all for it.
Back on topic, if you want some fun, here's a thread on blu-spec from the Steve Hoffman forums. It's basically audiophiles ripping each other apart over it, but if you want some comedy, there you are...
http://forums.stevehoffman.tv/threads/blu-spec-cd2-announced.297790/