What's All This About PNG Movies?

A friend phoned me today to ask the best way to export a project to save on her hard drive.
I told her that usually it was sufficient to select File>Export>QT Movie and make it self contained.
She mentioned that she had been told a PNG Movie was the best way.
I confessed my ignorance . ... . I had never heard of a PNG Movie, though I had heard of (and used) PNG still photos.
She has just emailed me this link (PNG Movies are half way down).
http://www.dvcreators.net/how-do-i-export-a-high-quality-movie/
Can anyone give me the pros and cons of the format as I don't know how much of the article I can believe, and what do you consider to be the best way of saving your DV/HDV projects on a hard drive?

png is a reasonable video format. It's lossless and supports alpha channels.
It's designed for web-delivery, not editing.
But if you want the most accurate output of your FCP sequence,
export it using Same Settings. Each time you recompress to another
codec, you lose a little quality.
When you talk about "saving your ... projects", do you mean exporting
as the next step before delivery? If so Same Settings is the way to go.
Or are you talking about archiving? There are lots of posts here
about archiving.
My preference is to keep the archived project editable. Which means
keeping the original media files, FCP project, copies of special plug-ins,
fonts, etc., (but not render files) so if I need to make changes a year from now,
I can.
Some people "archive" their work by exporting a Same Settings self-contained
version of the final edit. But there's not much you can change after that.

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