I got Windows Vista 64bit, does XVID and DivX still work?

I had my old Windows XP computer from 2002. I FINALLY received a new one for my 15th birthday, the issue is, is that i heard DivX and xvid doesn't work with Windows Vista 64 bit? Is this true? And if it is, what MPEG 4 codecs can I use with my newly found vista?
 
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