YouTube Moving to Open Formats?
thechromesource.com
thechromesource.com
I firmly believe that HTML 5 is the only way to go for the web developers. It's like the declaration of independence from abuse-prone and CPU-eater Flash applications, finally.
Besides being free of Flash, there aren't a lot of benefits that will result in a better end-user experience or competitive advantage. The only thing I could think of is trying to get away from H264, which could present some licensing issues at the end of the year.