Xiph.Org has been working on Daala, a new video codec for some time now, though Opus work had overshadowed it until just recently. With Opus finalized and much of the mop-up work well in hand, Daala development has taken center stage.
I've started work on 'demo' pages for Daala, just like I've done demos of other Xiph development projects. Daala aims to be rather different from other video codecs (and it's the first from-scratch design attempt in a while), so the first few demo pages are going to be mostly concerned with what's new and different in Daala.
I've finished the first 'demo' page (about Daala's lapped transforms), so if you're interested in video coding technology, go have a look!