Linked by Eugenia Loli on Wed 17th Sep 2008 23:09 UTC
Multimedia, AV Dirac is an advanced royalty-free video compression format designed for a wide range of uses, from delivering low-resolution web content to broadcasting HD and beyond, to near-lossless studio editing. The v1.0.0 version was released yesterday, and the new VLC version supports playback of .ts/.drc Dirac files.
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RE[5]: Schrodinger
by Eugenia on Thu 18th Sep 2008 01:43 UTC in reply to "RE[4]: Schrodinger"
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>probably uses TIFF, Cineon/DPX or OpenEXR sequence files

In today's workflows, unless you do VFX where frame-by-frame lossless images are read/generated by these tools, that is not needed. There are good digital intermediate formats for editing/archiving, like Cineform.

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