More background on the Quicktime X transition:
https://arstechnica.com/apple/reviews/2009/08/mac-os-x-10-6.ars/6#quicktime-x
Relevant excerpt:
“If QuickTime X is so much better, why doesn’t QTKit use it for everything? The answer is that QuickTime X, like its Mac OS X namesake, has very limited capabilities in its initial release. While QuickTime X supports playback, capture, and exporting, it does not support general-purpose video editing. It also supports only “modern” video formats—basically, anything that can be played by an iPod, iPhone, or Apple TV. As for other video codecs, well, you can forget about handling them with plug-ins because QuickTime X doesn’t support those either.
For every one of the cases where QuickTime X is not up to the job, QuickTime 7 will fill in. Cutting, copying, and pasting portions of a video? QuickTime 7. Extracting individual tracks from a movie? QuickTime 7. Playing any movie not natively supported by an existing Apple handheld device? QuickTime 7. Augmenting QuickTime’s codec support using a plug-in of any kind? You guessed it: QuickTime 7.”