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webdoctor - 7:03 am on May 29, 2006 (gmt 0)
I'm not meaning to be obtuse, but this may well be a solution looking for a problem. JPEG is standard almost everywhere. Have you experienced end users complaining about it? Do we need a new "standard"?
If MS can produce an photo with the same quality as a JPEG but half the filesize, that's a major accomplishment that will save us a bundle on bandwidth.