Linked by lemur2 on Wed 9th Mar 2011 00:18 UTC
Multimedia, AV The WebM project Blog has announced an update release of the VP8 Codec SDK codenamed the "Bali" release. The Bali release was focused on making the encoder faster while continuing to improve its video quality.
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"For now...,status:merged+project:libvpx+branc... Though I guess they could just call it VP9 and WebM 2.0, once they decide they have to break with their current Bitstream definition.
What the hell are you going on about? Why would they break the bitstream definition when it is working perfectly fine and all the work to be done is on the encoder itself, not the bitstream? "

This is what the poster was talking about:

However, what the poster failed to recognize is that EXACTLY the same consideration applies to H264.

High Efficiency Video Coding (HEVC) is a proposed video compression standard, a successor to H.264/MPEG-4 AVC (Advanced Video Coding), currently under joint development by the ISO/IEC Moving Picture Experts Group (MPEG) and ITU-T Video Coding Experts Group (VCEG).

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