I found an interesting summary of JPEG2000, advancements and current status over on EETimes, according to the author Junko Yoshida "The boom in Internet commerce, combined with the advent of higher-resolution digital cameras and ever beefier desktop computers, has led companies involved in a broad range of imaging technologies to anticipate a swift transition to JPEG2000-possibly within a couple of years, according to the experts. Backers expect JPEG2000 to become the accepted, universal file format for digital images, whether on the Web or from digital cameras, printers, faxes, remote sensors or wireless transmissions. "