I opted into the beta You Tube HTML5 player option, and it gives a little
summary of the browser support
for video formats out there now:

 Supported Browsers

We support browsers that support both the video tag in HTML5 and either the
h.264 video codec or the WebM <http://webmproject.org/> format (with VP8
codec). These include:

   - Firefox 4 (WebM, Beta available
here<http://www.mozilla.com/en-US/firefox/beta/>
   )
   - Google Chrome (WebM and h.264)
   - Opera 10.6+ (WebM, Available here<http://www.opera.com/browser/download/>
   )
   - Apple Safari (h.264, version 4+)
   - Microsoft Internet Explorer 9 (h.264, Beta available
here<http://ie.microsoft.com/testdrive/>
   )
   - Microsoft Internet Explorer 6, 7, or 8 with Google Chrome Frame
   installed (Get Google Chrome
Frame<http://code.google.com/chrome/chromeframe/>
   )

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