"Redmond (WA) - Microsoft has been working on its own image format for some time: First information about the Windows Media Photo format became available a little over a year ago. Now Microsoft is ready to let users test the new format, renamed to "HD Photo," in Adobe Photoshop CS2 and CS3.
JPEG is one of those dinosaurs in the IT industry that just won't go away. Supported by virtually any software and device that has to deal with image files, JPEG has been the standard for color-rich images for many years. Despite the fact that JPEG comes with several disadvantages, such as ugly artifacts in compressed images, the format remains more popular than PNG or JPEG 2000.[...]"