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Just like other key system apps, QuickTime X has been completely rewritten in Cocoa, Apple’s preferred Objective-C based application environment. Both panoramic and full screen movie playback are available, with no annoying Pro registration prompt in sight. Truth be told, some users may dislike the change as the semi-translucent palette obscures a portion of your video every time you move the mouse or hit a keyboard shortcut.
Basic media editing feature lets you trim your media to the perfect length via an on-screen panel that shows video thumbnails or an audio waveform. The new trim editing controls allow you to perform simple edits by defining beginning and end points in your audio and video.
Another advantage of using HTPP live streaming is dynamically adjusted quality that matches the available network speed, which is great if you change connection a lot (for example, when you travel) and especially handy for mobile devices like iPhone that depend on the ever-changing network conditions. Idiot-proof dialog lets you share your media to mobile, TV, and computer screens without having to worry about codecs or resolutions. In addition to recording audio and video, QuickTime X lets you capture movies of the entire desktop, including anything that moves, even another movie.
Previously a QuickTime Pro feature, audio and video recording using the webcam and microphone built into your Mac is now provided out-of-the box in QuickTime X. As you can see, new features in QuickTime X far exceed a simple user interface overhaul often highlighted as its most striking change. In fact, the installer is clever enough to keep QuickTime 7 on your system if you attempted installing Snow Leopard on a Mac that had a QuickTime Pro registration key. With its simple design and easy-to-use controls, QuickTime Player makes everything you watch even more enjoyable.

QuickTime features advanced video compression technology called H.264 to deliver brilliant, crisp HD video using less bandwidth and storage. Core Audio, Core Video, and Core Animation all come into play to provide the highest possible video quality and eye-catching interface effects. This means that QuickTime X shares no legacy code with the original QuickTime that had been unveiled 18 years ago, in 1991.
Even the window’s title bar fades out, leaving only the movie content itself floating on your desktop (a Core Animation feat). A new thumbnail strip makes navigating chaptered movies easier than before by automatically detecting scenes in a movie and creating chapter thumbnails, like in iMovie. The old QuickTime player had the controls lined below the content, allowing you to operate the movie without obscuring it. Apple has specifically optimized the performance for modern audio and video codecs like H.264 and AAC, including using the graphics processor to scale and display the video.
You can now adjust your media to the perfect length using a handy filmstrip that shows movie thumbnails or an audio waveform.
Unfortunately, you can’t copy a piece of the content and paste it somewhere else within the media or perform other editing tasks. HTTP live streaming uses the HTTP protocol to stream audio and video from almost any web server rather than requiring dedicated (and pricey) streaming servers.
For other benefits of this technology, I recommend reading Apple Insider’s in-depth coverage of the HTTP live streaming.
When you publish to either YouTube or MobileMe, a sign-in form will require you to provide your service credentials.

It’s pretty much on par with Windows Media Player, now (of course, there are still far superior choices available).
QuickTime lets you view Internet video, HD movie trailers, and personal media in a wide range of file formats.
So you’ll experience pristine video quality wherever you watch your movies or videos. With QuickTime 7 Pro, you can convert your files to different formats and record and edit your work. Click here to get detailed comparison between Apple QuickTime and iReal Blu-ray Media Player. Move the mouse and the window’s title bar and semi-translucent controls fade back into view. In addition, the player specifically supports GPU-accelerated video decoding of H.264 files (other video formats are not hardware-accelerated at this time).
Because it’s based on the common HTTP standard, the HTTP-streamed audio and video travels through firewalls and routers, unlike the older and unreliable RTSP (Real-Time Streaming Protocol) streams that were often blocked by firewalls, especially in corporations.
While developers of screencast programs won’t like this new feature, it should be noted that QuickTime X allows only basic screen recording and lacks advanced features provided in specialized apps, like cursor highlighting, sketching, annotating, iPhoto integration, etc. No matter what you're watching or where you're watching it, QuickTime technology makes it all possible.

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