A few months ago, we rolled out our Adaptive Encoding Engine, which not only produces higher-quality H.264 videos than our previous encoding process, but produces them faster. In order to make sure that more of our customers get the full benefits of the Adaptive Encoding Engine, we plan to update the default transcode settings that are used when Brightcove transcodes the videos you upload. The new default transcode settings use H.264 encoding by default, and also include renditions optimized for mobile video delivery. If you already have custom transcoding settings for your account, they will not be affected by this change. The new settings are planned to take effect on July 15, 2010. Read detailed information about the new default transcode settings.

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I'm a little disappointed that the renditions have gone down in quality.
I understand the mobile renditions, but doing VBR 1-pass encoding I think is going to cause quality problems. Any idea if the VBR listed is the max or the average?
And why is the CBR the only one that gets 2-pass, that doesn't make a lot of sense. I've heard 2-pass CBR can make a little difference, but doesn't 2-pass really shine for VBR?
And is the idea of the 720x540 rendition that it will be playable in both a 640 wide and 1280 wide player?