The "argument" is a baseless conspiracy theory that is the desperate defensive clutching of so many Apple defenders, viciously taking up the fight against mean Google. The rest of the article is full of incorrect beliefs about the history of Apple, RISC, x86, etc, though I can't say that is all too atypical for an Asymco piece.
For all of the "it will just bring back Flash" grousing, note that Firefox will never support h264 without a major change in its licensing. Firefox is a dominant web browser. Nice that Apple, a MPEG LA member, supports h264 though, while simultaneously pushing Quicktime and iTunes junk on the web.
Sidenote -- Just went to view a movie trailer on Apple.com. What's with it trying to foist Quicktime on me? Apple still hasn't given up on that, and they're still licking their wounds about having lost to Flash.