Comment I don't get it (Score 1) 313
Given an infinite processing power, infinite memory and enough bandwidth, ANY codec will be "pulling ahead of h.264 in terms of objective quality as bitrate increases." Or at least, between this version and the uncompressed one, it will be impossible to tell them apart. Some would say that given an infinite memory, processing power and enough bandwidth, you don't to compress at all (but that's just rhetorical.)
An MPEG2 video encoded at 50Mb/s may possibly look better than the same video encoded in H264 at 5 Mb/s, but that's not the whole point of compressing it in the first place. Heck, there are even some blu rays encoded in MPEG2 without any visual issues.
The real deal is actually keeping some quality as the bitrate decreases, not as it increases.