I really don't see the point of Google TV... it seems like it would complicate, rather than simplify, the TV watching experience. I think TV channels are on the way out as entertainment, too; connecting a cheap computer to a TV and watching internet videos and discs would work better.
Anyways, here are a couple more articles on the codec if you guys want to read more about it.
http://techcrunch.com/2010/05/19/webm-google-h-264/
http://topics.dirwell.com/tech/googl...eo-format.html