It seems that videos on the web sometimes use the HEVC (h.265) codec now. I've tested HEVC videos on the OSMC media player on the Pi1, but playback is poor. Would somebody with the Pi2 test these videos please?
With OSMC on the Pi1, the HEVC codec is evidently present because it tries to play the videos, but at 480p there is stuttering and at 720p it slows down to just a few frames per second. I understand that the Pi2 has the same GPU, but the HEVC decoding is probably CPU dependent, in which case, the Pi2 should be better. Videos transcoded with FFMPEG:
HEVC video 480p 33s 1.5MB
HEVC video 720p 33s 2.2MB