What is AVCHD?

"AVCHD stands for Advanced Video Codec High Definition, and it’s based upon the AVC codec, a joint standard of the ITU (International Telecommunications Union) and ISO (International Standardization Organization) groups. It's also called H.264. AVC/H.264 is an advanced subset of MPEG-4 compression (MPEG-4 Part 10 to be specific), so sometimes the terms are used interchangeably—although in most instances, references to MPEG-4 are to the older codec, not AVC. ..."
http://digitalcontentproducer.com/hdhdv/depth/avchd_compression_070907/
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