Sounds good! The main thing is to ensure that this codec is *open-source*. That way, there will be no vendor lock-in.

This is a very big deal.
Transformative, in fact. The effect on gaming in particular will be stunning. I hope they can get it to 100% quality, the demo video was obviously hiding a lot.
But a great idea nonetheless, and certainly the market need is there.

I'm very skeptical. Following the links to the video showed nothing convincing. Lets see a side by side of a large photo in both bitmap and their new vector format. I can't see how a vector based codec can be more accurate at representing an image on display devices that still uses pixels. Bitmaps of sufficient resolution include unique info for each and every pixel on the display device.

Light field vector maps are a great advancement in imaging....
BUT... this may be a little sensationalised.
Pixels are the byproduct of the digital nature of photography (and video)
There still must be a finite spatial sampling step, and this means that the effective pixel limit will still remain....
Between the sampled variables, obviously it is possible to average the light vector field to obtain a "lossless" picture, however if the information which was not captured in that space was information, other than the average of the adjacent pixels, information will still be lost in the sampling method.
This technique is also done in digital filtering of images with traditional pixels, it is possible to re interpolate the pixels to increase the pixel density and then perform a gaussian filter operation (or other spatial averaging (or whatever operation is desired) and "recover" the lost data.
This being as it is, I will not be unhappy with increased image detail with a smaller storage size....
If I am very wrong, please, someone who knows the topic set me straight. (Not asking for a bunch of hate for being a bit pedantic.)
The ability to change focus points, or to focus on everything in the image, have multiple discrete focus points, or viewer selected real-time enhancement will be awesome. (If it is possible with the "limited" computing power now available...)

"...the scientists believe that the technology could make pixels obsolete within five years."
...until the image is viewed on a digital device.... Then PIXELS!!!

You know how nice that would be, if you are the family "photoshop guy" and get a 800x600 photo they want enlarged, and for the 4,394 time you tell them you can't blow it up too much without a HUGE loss of quality?

Rusty I feel your pain buddy... since 1997 at least.

Its back to the future! It will be like sitting at a colorized IBM 2250 from the 1970's.

Every graphic artist should post this by their desk. http://www.greystoneinn.net/comics/20040330.gif

@Rusty and Todd
"Can you blow this up?"
"Sure. Got any firecrackers?"