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From hardware side there's no noticeable increase needed to decode ogg.
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noticeable is a comfortably foggy definition which I simply won't accept as an argument, because what for a smartphone or a similar device might be an minor numbercrunching task may lay beyond the hardware limits of a small dedicated player.
On archives: well I use compression tools as long as I've used a computer. Floppies weren't cheap back then.
I know by daily experience that solid compression need a fair bit more of power and time to decode.
It's meant for archiving purposes not for active use. Would epub use it, there were enough small devices. choking on books only because of their decompression requirements. Space-saving backfired. This are all aspects to be taken into consideration when developing a standard. Just think about it.