Just released today, a new report by Robert Buckley and published by the Digital Preservation Coalition is titled, JPEG 2000 - a Practical Digital Preservation Standard?
and addresses archival and preservation issues with the JPEG2000
Aren't sure what JPEG2000 is all about? The report also does a good job of concisely explaining the attributes and advantages of the format:
A single architecture for lossless and visually lossless image compression
â€¢ A single JPEG 2000 master image can supply multiple derivative images
â€¢ Progressive display, multi-resolution imaging and scalable image quality
â€¢ The ability to handle large and high-dynamic range images
â€¢ Generous metadata support
With JPEG 2000, an application can access and decode only as much of the compressed image as needed to perform the task at hand.