Google launches a replacement for PNG format

more writes: Google introduced today a WebP extension to compress translucent images either lossy or losslessly, claiming file size savings of 28 % in the lossless mode and more in the lossy mode.

Yet another format?

[graphius]

I am all for advancing the state of technology, but what is the advantage of this? If you want small files, use jpg (yes jpg is lossy, and could use other improvements). If you want lossless, you are probably going to do some post processing, and as such you will end up using the huge native files of the editing software, like psd or xcf. A few file format has to be VERY appealing to get adoption in programs. Unless google wants make an image editing program. Good luck with that, especially if you want to m