We’ll start by going through the core features of VP8. We’ll primarily analyze them by comparing to existing video formats. Keep in mind that an encoder and a spec are two different things: it’s possible for good encoder to be written for a bad spec or vice versa! Hence why a really good MPEG-1 encoder can beat a horrific H.264 encoder.
But first, a comment on the spec itself.
AAAAAAAGGGGGGGGGGGGGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!