We are not using x.265, someone else can test those.
Also, we mentioned releasing only a high bitrate MP4, and haven't decided on the filesize yet.
The work we are doing on it, is because we have spare machines that can be tasked to work on it. Anything that is scene to scene intensive will not be done, because we don't have the time to work on it.
This is just to create a base version, so that other people can improve on it will color correction and other fixes.
There are other people doing the fixes people want. We just wanted to do something relatively quick and simple.
Team Negative1