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Originally Posted by AlienQ
Correct.
It is better than true HD.
True HD is made for Cable/Broadcast and PC Monitor resolutions are superior to most standard Televisions. The color ranges can be far superior for Digital based internet playback without the limitations of a standard TV and even wide screen enabled HDTV. 
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That's not true. Standard televisions and compuer monitors are both capable of displaying the same color range, as well as no more than 720p resolution. HD is 1080i. So the resolution is lower, yet somehow it's better? I must be missing something. Then again, I'm not familiar with "veritable" bit rate encoding either, heh.