I was just thinking the other day about whether On2 would release VP7. This is the organization that brought us TrueMotion 1, TrueMotion 2, VP 3.0, VP 3.1, VP 4.0, VP 5.0, VP 6.0, and VP 6.1, not to mention VP 6.2. VP70 just seems like a natural progression.
What does ‘VP’ stand for anyway? I have never read any definitive answer. However, if On2’s technology focus is any clue, it stands for “Video Predictor”, owing to On2’s almost religious devotion to prediction-based compression algorithms.
Michael Roitzsch tipped me off that On2 has, indeed, unleashed their VP7 codec upon the world. True to form, their literature asserts that VP7 “rUleZ!!1!” and that “MicRo$$oFt is teh suck!1!!!” (slightly paraphrased, they state their points using graphs).