Google's dropping H.264 from Chrome a step backward for openness 
http://bit.ly/hqfoNx

> Prior to Google's decision, the migration from H.264-via-Flash to 
> H.264-via-<video> looked likely. Internet Explorer 9, Safari, and Chrome were 
> all to include native, built-in support for the codec, and even Firefox users 
> would be able to use H.264 video through Microsoft's plugin for that browser. 
> This would have represented great progress.

Source: 
http://arstechnica.com/web/news/2011/01/googles-dropping-h264-from-chrome-a-step-backward-for-openness.ars/
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