Their website is at http://www.vorbis.com.
Check it out people, I'm using quality level 4.99 the it is excellent at an average ~156 bitrate.
Here are some of its advantages:
* Promotes VBR (Variable Bitrate). This is obviously the way forward, e.g. it's a waste of space to have silence being given 128Kb/s, as is the case in WMA (M$-Technology) and MP3, and in the finales give it the same rate as less complicated parts
* It's free and open. MP3 is not (Google for some further info, if you are so inclined). WMA is definately not (and see the next point)
* No DRM. It's an audio codec, not some virtual law enforement technology
* Superior tagging system, have a tag for anything you like. The artist and title etc. information could in future be used for metadata generation (watch this space)
* Integration with Ogg framework. The Ogg framework developed by Xiph.org is to be used for their audio, video, and audio/video technologies, as well as support for other technologies. Already the OGM (Ogg Audio/Video Container) performs much better than AVI for what I've used it for, MPEG4 (DivX)
* Multiplatform, multi-OS. Run it on Linux, BSD, Mac, WindowS, whatever you like! That's the great advantage with free, open software
Go and visit the site, encode some file, and see what you think. We should be trying to convert people to using open, free technologies; be it for office applications, operating systems or multimedia applications.