This clipping from GMSV’s coverage of the Google Developers’ conference is interesting.

The announcement with the biggest implications down the road was the unveiling of WebM, an open-source, royalty-free video codec based on VP8. It’s being positioned as the standard for video in HTML5 rather than the proprietary H.264 or the royalty-free but problematic Theora. Yep, you with the glazing eyes: Adoption of H.264 could mean fees imposed on content distributors and providers, though so far the license holders have waived collection. Those license holders include Microsoft and Apple — and Apple is the notable abstainer in the chorus of support for VP8. Could get interesting.

Yep. And the most interesting thing about it is that it’s open source.