Microsoft Move to be the End of JPEG?
jcatcw writes "Microsoft Corp. will submit a new photo format to an international standards organization. The format, HD Photo (formerly known as Windows Media Photo), can accommodate lossless and lossy compression. Microsoft claims that adjustments can be made to color balance and exposure settings that won't discard or truncate data that occurs with other bit-map formats."
Is space more valuable than time? CPUs are becoming faster, but storage is becoming cheaper too...
Don't forget that it's no longer just space/time tradeoffs. There's also the network bandwidth tradeoff. And network bandwidth is not on the same kind of curve as CPU's or storage at least for WANs.