Or something similar to this - http://gfycat.com/SomeUnkemptKrill http://gfycat.com/SomeUnkemptKrill Slight quality loss admittedly, but a huge bandwidth savin

Or something similar to this - http://gfycat.com/SomeUnkemptKrill http://gfycat.com/SomeUnkemptKrill Slight quality loss admittedly, but a huge bandwidth saving and I believe supported across all browsers now. I'll admit however I didn't think about some other advantages of PNG (transparency for one), which would mean it was more suitable in some situations.