AV1 is a massive flop in my opinion. What was supposed to be the be all end all open source video format of the future just recently barely starts to pop up her

AV1 is a massive flop in my opinion. What was supposed to be the be all end all open source video format of the future just recently barely starts to pop up here and there. There are tech demos and talks of Youtube etc. using AV1, but in the same breath they say it's mostly for really low bitrate where the AV1 gains the most. Also I'm sure no one is looking forward to burn CPU time (or very lately, GPU time) on encoding 4k+ streams. Is that even financially viable? You save 30% on bandwith and spend 10000% more on server HW time. (I'll admit that these numbers are pulled from my ass, but they're based on a few years old knowledge of AV1 encoders being like 350-3500 times slower than h264 encoders, depending on optimization.) The entire "there was no usable encoder and no hw decoder for years" thing didn't help and even now it's still all slow and complex, who has time and money for that? AV1 is just too complex for what it produces in comparison with the good old h264 or vp9.