Towards a Post-H.264 World
In my post yesterday about Cisco making the code for its H264 codec available, I noted that the really important news was that Mozilla was working on Daala, a fully open next generation codec. One of the key people on the team doing that is Monty Montgomery, and he's written a really interesting blog post about the announcement and its background, which I recommend thoroughly (the discussion in the comments is also very illuminating):
On Open Enterprise blog.