Daniele Alfonso & Fabrizio Rovati posted a nice H.264/AVC and VP8 performance analysis:
The simulation results showed that the x264 (one open source H.264/AVC implementation) and VP8 encoders have very similar performance: VP8 libvpx resulted somewhat better than x264 in term of PSNR (+0.16 dB on average) and very slightly worse in terms of SSIM (-0.005 on average).
They also briefly talked about recent H.265 progress.
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