"Set for a year-end release, AV2 is not only an upgrade to the widely adopted AV1 but also a foundational piece of AOMedia’s future tech stack.
AV2, a generation leap in open video coding and the answer to the world’s growing streaming demands, delivers significantly better compression performance than AV1. AV2 provides enhanced support for AR/VR applications, split-screen delivery of multiple programs, improved handling of screen content, and an ability to operate over a wider visual quality range. AV2 marks a milestone on the path to an open, innovative future of media experiences."
The main thing I want is small file size for the quality. Netflix, YouTube, and me agree on that.
Most of my stuff is AV1 today even though the two TVs I typically watch it on do not support it. Most of the time, what I am watching is high-bitrate H.264 that was transcoded from the low-bitrate AV1.
I will probably move to AV2 shortly after it is available. At least, I will be an early adopter. The smaller the files the better. And, in the future when quality has gone up everywhere, my originals will play native and look great.