ffdshow is an advanced DirectShow filter and Video for Windows codec (VFW) codec that supports many audio and video formats. For example: H.264, MPEG-4, MPEG-2, H.263, VP3, VP6, Theora, MJPEG, SVQ3, MP3, AC3, DTS, E-AC3, AAC, and Vorbis.
OpenAVS is the open source implementaion of AVS (Advanced Coding of Audio and Video ). AVS is competing with MPEG-4 and H.264 to replace the current worldwide compression standard, MPEG-2.