dylan_- writes "According to their website, '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.' Now a stable version of the dirac-research codebase, Dirac 1.0.0, has been released. The BBC have already successfully used the new codec during the Beijing Olympics and are looking to push it to more general use throughout the organisation. The latest version of VLC (the recently released 0.9.2) has support for Dirac using the Schroedinger library."
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