When unstable Dp-branes in type-II string theory are placed in a B-field, t
he resulting tachyonic world-volume theory becomes non commutative. We argu
e that for large noncommutativity parameter, condensation of the tachyon as
a non-commutative soliton leads to new decay modes of the Dp-brane into (p
-2)-brane configurations, which we interpret as suitably smeared BPS D(p-1)
-branes. Some of these configurations are metastable. We discuss various ge
neralizations of this decay process.