According to FFMpeg official site:



It is codenamed “half-way to world domination A.K.A. the belligerent blue bike shed” to give an idea where we stand in the grand scheme of things and to commemorate the many fruitful discussions we had during its development.

This release includes a very extensive number of changes, but some of the highlights are: Significant work to support at least decoding of all widespread mainstream proprietary codecs, such as decoders and encoders (ALAC; Flash Screen Video; WMAv2 decoder fixed, WMAv1/v2 encoder-decoders; Atrac3; MLP/TrueHD; On2 VP3 improvements and VP5/VP6 support; RealVideo RV30/40; WMV3/WMV9/VC-1 and IntraX8 frame support for WMV2/VC-1); VDPAU support and much more..”