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Nope, but the software rendering of CoreAVC outperforms the GPU hardware accelaration of some cards.

So it certainly is worth a try.

cfr: Tweakers.net on CoreAVC

The link is in dutch but it generally says: "CoreAVC has been programmed effeciently and is extremely fast, in some cases it outperforms comparable hardware-features.

And btw, I don't have any shares in the CoreAVC company