Doesn't mean I care about it, right?
New codecs use less space, sure; but the added pixels of course reduce the gains - and newer codecs limit my choice of hardware (due to increased processing power - in fact h264 hardwae acceleration cards started becoming a thing on the late 2000s netbooks)
Yes, I do still encode mpeg-4 part 2 ("Xvid") to watch on PS2!
And just to add a joke to this off-topic post: if in common parliance a pedophile is someone who rapes children, what does a videophile do?