Pixbend is a new alternate digital video codec developed by Nexilogic.
For now it is mainly targeted at third parties that are developing Games and Internet/Mobile applications, but should be made soon available to a wider audience including the general public.
Several Pixbend related products and demos are available for download.
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Oh terrific -- yet another video codec. Just what we need. Yawn.
And it's free and open source, right?