Very cool, I thought it was a very shady act that MS and Apple are getting ready to sue the Open Source community for using h.264 codes yet Apple was pushing this very technology as an HTML5 standard.
I'm glad to see Google has introduced an open solution. With all the major players backing it up, it should stick as the new HTML5 standard.
Rumors are that MS will included support for WebM in IE9 but considering they where in cahoots with Apple I'd be surprised.
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