Microsoft’s HD Photo standard is now officially tapped to become JPEG’s successor by the Joint Photographic Experts Group, but it’ll be known as JPEG XR.
https://gizmodo.com/microsofts-hd-photo-standard-which-compresses-more-eas-285014
XR stands for extended range, given the wider color palette and finer gradations it can show. Other benefits include in-camera imaging processing support and, supposedly, better compression. Besides losing its Windows-y name (in a former life, it was Windows Media Photo) it’s dropping proprietary control by Microsoft to become as neutral as JPEG is now. Though support’s already built-in to Windows Vista, it’ll take a year to get standardized, at which point large-scale adoption will probably start picking up steam. [Cnet via Electronista]
