EPS is just PostScript that's designed to be more embeddable. It's a PostScript program that contains some metadata like a preview image (so you can display a

EPS is just PostScript that's designed to be more embeddable. It's a PostScript program that contains some metadata like a preview image (so you can display a thumbnail when embedding it even if you don't have a PS interpreter) and a bounding box (since PS has an arbitrary coordinate system, in order to represent an embedded document without actually interpreting it, you need to know the bounds of what it's going to draw). The big problem with PS, EPS and Flash as simple graphics formats is that they're all turing complete and you can author documents that will never terminate. When importing EPS, Illustrator used to have a timeout and would fail if the render didn't complete in a couple minutes. I assume it still does, but haven't tried it in years.