It certain encodes better than DivX or XviD or WMV at the same k/sec but still not as good as Google Video's codec, which I guess is not too surprising since GV is using VP8 and this is VP7.
This codec encodes slower than GV and I can't see an appreciable difference of two videos encoded at the same k/sec except that VP7 is about twice as slow with more configuration options than GV.
If you're curious, VP8 is a commercial codec so for Google to incorporate it as their own is great since it's 100% free to use in your own projects and their minimal interface works fine certainly for what I need.
VP7 Personal Edition 220.127.116.11 on 23 December 2006, reviewed by: akira
vp7 and below are worse than vc1 and h.264.if you don't believe me try transcode a file with each these codec at same bit rate,such as 64kbps,you will see vp7 the worse.On2 is really suck,make a false info.