Yes, for context the Pi 1-4 all had H264 hardware encoder/decoder support, which could comfortable encode at least 720p @ 30Hz in realtime. The die space argument makes sense for why they don't have AV1/HEVC encoding, but it does not explain why H264 was dropped. The fact that the CPU is now powerful enough to encode H264 at better quality and frame rates than the old hardware encoder is a better argument, but still a step backwards for folks who need lower power consumption or need the CPU for other things, and doesn't explain why the hardware support needed to be dropped. It really does sound like something else (like licensing) drove the decision, and this is a post-facto attempt to sell/justify that decision.