In the last 3 days I have been experimenting with both Theora and WebM. I have to say that in my results VP8 was disappointing compared to H264 and Theora. Using free codecs I got my best results in Theora using ffmpeg2theora with "-v 10 --speedlevel 0 --optimize" flags. Quality is a little beyond the topic but I will mention it anyway.

http://imagecrab.com/up/a606f3405e155bab3054c92fbde65630.jpg
http://imagecrab.com/up/09dd47ab8591bf0b51eb9e5efc611af9.jpg

At 720p the difference is more clear

http://imagecrab.com/up/249e311c95c2ff35932e8c4fac97b0f7.jpg
http://imagecrab.com/up/264c493a9bda79206adec515236c6f64.jpg

To encode, Theora unfortunately takes double the time for VP8.

About the topic, all videos play perfectly in Abrowser including 1080p. Youtube HTML5 takes more cpu than expected, though. I use ViewTube and play webm in totem.

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