Strange, any comparison I seen has VC1/WMV trying to gain ground vs Xvid/Divx, with the h264 Encoders (Ateme and x264) outclassing everything else. (
Example)
This codec comparison is invalid for HD DVD and BD for the following reasons:
1. The WMV9 encoder is not the VC1 encoder. The VC1 encoder used for HD DVD and BD is substantially more sophisticated than the WMV9 encoder that is currently available.
2. The source clips were already compressed with MPEG2, in fact all the clips were sourced from DVD material. A true test relevant to HD DVD or BD would involve uncompressed source video.
3. The source clips were all DVD resolution, not HD. A true test relevant to HD DVD or BD would involve source material at 1920x1080p.
4. The target bitrates were all extremely low, in the 700-1000 kbps range. A true test relevant to HD DVD or BD would involve target bitrates at least ten, twenty, or even fourty times higher than that.
Modern advanced video codecs like H.264 and VC1 significantly change their computational requirements and coding techniques as they scale up and down in bitrate, resolution, and profile, which can cause huge differences in performance and quality.
Techniques that are important at low bitrates and resolutions can become useless or counter-productive as the codec scales up. Likewise, techniques well tuned for high-resolutions and bitrates may not perform well at low-resolutions or bitrates. Techniques that consume massive amounts of CPU may work well for squeezing the last bits out at low resolutions and bitrates, but may simply not be worth the processing power and cost at high resolutions and bitrates.
It's all about the tradeoffs.