Google announced that it is opening VP8, the video format it recently acquired for over $130 million.
Huge news for the web, as it provides the missing piece in HTML5:
open video (H.264 is proprietary, regardless of what Steve Jobs tells you).
Hopefully, coming to a website and a tablet near you very soon.
From the
WebM Project page:
"
The WebM project is dedicated to developing a high-quality, open video format for the web that is freely available to everyone.
The WebM launch is supported by Mozilla, Opera, Google and more than forty other publishers, software and hardware vendors."