In a surprise move, Google announced that they won't ship the H.264
codec with Chrome in the future anymore and instead relies on their
own WebM:
http://blog.chromium.org/2011/01/html-video-codec-support-in-chrome.html

Google wants to focus their investments "in those technologies that
are developed and licensed based on open web principles". Apparently,
being an ISO/ITU standard that is perpetually free for streaming
content on the Internet unless you either sell your content or ship an
H.264 encoder (roughly, this is my understanding of H.264 is) does not
fulfill this.

Daring Fireball has some good questions, such as how shipping Flash
with Chrome and lack of hardware decoding for all mobile devices sold
until today (first hardware decoder is supposed to ship Q1/2011) fits
in here.
http://daringfireball.net/2011/01/simple_questions

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