I believe my thoughts about the MPEG consortium are well known so I won't repeat them again.
I will say that I think it is important for us as open-source, open-IP proponents, to make sure a parallel effort to what MPEG is trying to standardize is put forward and gets attention. The IETF is probably our best bet for such an effort. We should take another look at the Forterra document, and perhaps think about what other aspects of interoperability we might consider opening a dialog towards standardization sooner rather than later.
The problem here is that as engineers, our tendency is to say "we're not ready for a standard, things are still in flux". That is a perfectly reasonable position to take from a technical point of view, but it poses a risk in terms of momentum and visibility. MPEG is out there making noise long before they have anything close to a final draft, because they are trying to capture 'mindshare' in this space. It's a classic FUD move (Fear, Uncertainty & Doubt). Microsoft and other big companies do this all the time, putting out press releases about what is essentially vaporware years before an actual usable product is released. If a big institution like MS or MPEG says they're working on something, it tends to create its own reality, because the smaller players figure these 800 lb gorillas will eventually put something out, so they should wait and see before supporting anything else.
I am aware that this line of thought -- seeing technology as chess pieces in a grand, Machiavellian struggle for power -- may be uncomfortable or seem presumptuous, or just irrelevant and annoying. Perhaps there should be a different forum for this kind of talk. However I feel compelled to put it out there, because it is the reality that I have experienced first hand. I'm not saying we have to compromise our principles, but it is incumbent upon us to understand the state of play out there in the real world, and strategize accordingly.
-dan