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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Please do not forget about the necessary CPU for these codecs. If I'm not mistaken, Theora is very light, while Dirac needs a bit more calculation power.
Therefore I don't think one should discard Theora.

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