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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The quality is being improved as I already indicated in the earlier post. There is much room for improvement. Refer to the demonstrations that show that. I am pretty sure, Firefox implementing support for it *will* have a major impact. Let's see. Additional support for Dirac might not be a bad thing either.

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