Dashboard Update to Include MPEG-4 Support

With the new Dashboard Update that promises to make many new features available to the consumer, Engadget has reported that the video player will also receive some new codecs.  The 360’s media player will now support streaming of MPEG-4 up to 8Mbps, H.264 up to 15Mbps, and PlaysForSure WMV videos without having to record it through Windows Media Center or the horrid conversion software bundled with Zune. I know I’m excited for some 1st party support for more video formats.

[I've been having great results with Orb, but being able to stream xvid directly without conversion would be great!  Microsoft did this first by enabling AAC playback, hopefully Divx/XviD is fully supported! -Ed]