Interesting updates from the Thusnelda project:
http://web.mit.edu/xiphmont/Public/theora/demo7.html
Seems like Theora is making some progress again. The PSNR chart is quite impressing if it holds true. According to the PNSR chart Theora-svn beats x246 at some bit rates. Of course they don't tell us what kind of settings are used so take it with a truckload of salt.
Still, I think it's really great that a completely FREE codec is making so much progress!
Comments?