Alright, which one is better: VC-1 or AVC?

[Lincoln6Echo]

When I first got into BD in the Fall of '09, and eventually learned of the 3 video codecs used for BD transfers (MPEG-2, MPEG-4/AVC, and VC-1) I thought VC-1 was the better of the 2 true HD codecs. I thought their transfers were smoother looking (little or no grain), and presented what I thought a good HD transfer was supposed to look like. But then when I started seeing more AVC transfers, I notice the grain structures actually increased detail.

If I'm not mistaken, the VC-1 codec was originally licensed or produced or something like that by Microsoft, while the MPEG variants were Apple properties. I may be wrong on that, but I'm just going on memory from what I read on Wikipedia.