Can I jump in here ..
Kwag.. and others (I myself too) enjoy our freedom to encode the SLOW (prehistoric) way today !! It may just become a thing of the past, but don't take it wrong way
WE will be one of the few, and PROUD that will be able to say, I did it the CLASSIC way.. back when.
Well, the way I see it is like this.. in 5 to 10 or 15 years from now, encoding (software'wise) will be a thing'ga'da past and instead, a user will just pop in a single chip or slab or card (call it what you will) and basiclaly press a button, and the DATA will just be assigned or memory swapped into the chip.. pop it out, and pop it into your thigin'ga'ma'gig, and you're back in business. All might just be a few seconds at best to complete.
You see, I believe that a NEW format (for data or whatever) will form, and be transparent (during transfer stage) And, CD media (be it what ever it may be CDR/DVDR etc) will STILL continue to be the last resort for off-line media storage. Sort of what the 3 1/4" disks are to a harddrive/cdrom drive today - - still usable, but will be designed for pure DIGITAL data, not MPEG as we know it today though.
They'll just be this massive ALORITHEM (a parser) that all this data will be fed into. It will be up this this (parser) to determine it's final data format destination. It's just a matter of time when this new techknowledgy comes out !! Though.. it's close !!
Have a good evening guys.
-vhelp