Lib-Ray seems to be a good alternative for those who want to produce HD content. For the "consumer" site I still both fail to see good support in at least some applications (e.g. XBMC) and good reasons to use Lib-ray instead of (lets say) a MP4 / MKV contrainer with identical codecs (if one likes to stay free of propritary codecs like h264, MP3 and the alike).

Personally I will stay with h264 / AC3 because this is what all / most of my playback devices support.

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