Where does HD radio fall I wonder.
HD radio is on the exact same frequency as the stations analog broadcast. For radio broadcasts the FCC assigns a center frequency and a channel bandwidth. For FM the center frequency is and odd decimal (ie; 96.9 102.5 etc) and a channel bandwidth of 200kHz (+/- 100kHz from the center frequency). So, take for example 102.5-FM has a channel that stretches from 102.4MHz to 102.6MHz. To prevent interference with adjacent channels the FCC specified that an FM station could only use 150kHz of their 200kHz channel, leaving 25kHz at the extream upper & lower end of their channel unused.
HD radio uses that spare 25kHz at the extreme ends of the FM channels to broadcast the digital HD broadcast. The technique that the FCC approved was developed by iBiquity and is heavily pattented so I haven't been able to find exact technical details about the modulation and digital encoding techniques used, but suffice it to say, it works.
Since HD radio is using the extreme ends of the channel bandwidth the possibility for interference is increased. However since that bandwith is being occupied by digital data the interference primarily will cause data errors which can be corrected for. If, however, the BER (Bit Error Rate) is too high to be corrected for, an HD radio receiver reverts back to the analog broadcast. Yes, as I said before, the analog and HD radio broadcasts coexist on the same frequency so analog radio is not going to go away like analog TV.
Once the prices for receivers comes down I think you will see HD radio included in most cars and home audio receivers.
For more reading, here is Wikipedia's article;
http://en.wikipedia.org/wiki/HD_Radio