Quicktime 7 has been out for some time (for the Mac, Windows users must wait a while longer) and with it the new H.264 compression codec. The few demonstration videos available on Apple's site are quite simply amazing. This is the future of downloadable video. With a basic broadband connection it should be possible to buy or rent movies and download them (not in real time, perhaps, though this is possible) for viewing. Perhaps the iMovie Store is coming soon to a web site near you? Steve Jobs did say, earlier this year, that 2005 is the year of HD (High Definition Video).
Well, I can't wait for this to happen but I will probably need to splash out on one of those nice LCD digital monitors to take full advantage of the technology.