The DivX company presented the next generation of their DivX video compression technology with DivX 7, that allows to create full-HD H.264/AVC videos in MKV (Matroska Video) format.
The software is donwloadable from the DivX official site. The player is free and supports display of conventional DivX and H.264/AVC videos, whereas the video encoder/converter has a price of 15,99€.
DivX has also established a partnership with Vuze, a P2P network that distributes HD H.264/AVC videos. Vuze is developed by Vuze, Inc. - formerly known as Azureus, Inc.