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Originally Posted by DanmanX
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MPEG-2 is useless for PPCs. Average bitrate is incredibly high. It's not made for PPCs at all.
BetaPlayer isn't trialware. It's freeware. Go with what Victorypoint suggested, but I'd stick with just MPEG-4. It's the latest and most advanced under the DivX codec. MPEG-1 is too bloated and outdated. WMV is not the best b/c it's from Microsoft honestly.
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Just to qualify DanmanX's comments, there is ancient MPEG-4 (MS MPEG4-v1, MS MPEG4-v2), old MPEG-4 (MS MPEG4-v3, DivX3), and not so old ISO MPEG-4 ASP (DivX5, XviD) codecs. Then there's the new standardized H.264 AVC and Open Source x264 codecs (also known as MPEG-4 Part 10) and Microsoft's WMV9 (although not technically H.264 compliant but equivalent to MPEG-4 AVC). H.264 and WMV9 are technically the best available and are chosen for the upcoming blu-ray and HD-DVD standard. We'll start to see WMV9 (VC-1) in standalone hardware DVD decoders soon.
And to qualify HTH's comments, you can't really list players in order of importance since each has unique compatabilities and strengths. Betaplayer doesn't play WMV, MS MPEG4-v1 and MS MPEG4-v2. WMP10 Mobile doesn't play non-Microsoft MPEG-4 codecs (although I'm not positive on this one). It really depends on which video format you want to play.
Then there's the emerging Nero ShowTime Mobile (currently in beta) which looks very very promising.
-AJ