The quality of the codec is extremely good (in most cases, better than DivX), and encoding speed is very fast as well, so it is at least worth a try. Plus it's free :)
Most encoding software that supports DivX encoding will also support XviD encoding. The same goes for multimedia players, and standalone players.
Change Log for new version:
What's New:
- - {core}: Fixed bug when frame-drop (N-VOP) feature is used in combination with packed B-frames
- - {core}: Fixed potential crash on AMD64/EMT64 architecture.-
- {core}: Fix for visual_object_verid vs. video_object_layer_verid problem.-
- {core}: Ensure intervening bytes are preserved in BitstreamInit()-
- {vfw}: Prevent segfault when encoding application calls compress_end with NULL codec context-
- {vfw}: Profile definitions updates.
You can download it
here.