I've thought about this myself, but when it comes down to it, almost any product using output from AC3D is going to have its own model/graphics tool pipeline.
That means that the ascii format is far superior, since you can preprocess it using a wide variety of stock text parsers before converting it into the final format for your usage.
To sum up: you'll probably need a custom format anyway, so a single AC3D output type (ascii) is a very good thing.
My opinion, of course.
-- Jeff
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