I think everyone was a little quick to assume, and there were general misunderstandings and/or strong opinions, and all that jazz. Everyone hold hands and touch balls or else I'll turn the car around, etc.
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bmentink our devs are very interested in, and working on, getting deinterlacing working on ARM hardware. In the ARM space this isn't as standardized as it is on desktops, both in the hardware and in the software, but we're not going backwards by any means. It's just that the most of the ARM platforms didn't start out with any real deinterlacing support, rather than anyone having removed or decreased interest in such things.
As for the ODROID-XU3, yes, that is damn good ARM hardware right there. I've been extremely tempted to buy one, but it's hard for me to justify it considering all the other devices I have and that I'm only doing testing and documentation (not a dev myself). It's a really nice board with that rocking Samsung Exynos5422, and is able to run all 8 cores at once! The benchmarks with just the more powerful 4-cores places it really high among ARM processors. It can even software decode 1080 video with just a passive heatsink.
*wipes drool away*
So yeah, everyone calm down. Deinterlacing might not be available everywhere on ARM yet, but it is a desired goal for when it is practical. Koying has some experimental builds for Android (and I'm sure there's stuff there that can be used for non-Android builds as well? Maybe? I'm honestly not sure), and I know there's work for Freescale processors to get proper deinterlacing support. Someone who's followed these developments more closely could probably do a nice writeup on the current status for deinterlacing on ARM hardware.