Not really. The upcoming generation of mobile devices will have hardware support for VP8 and the users upgrade these devices very often.
o They run the risk of patent infringement
o H.264 is already playable everywhere, universally,
either natively (and with hardware support) or with Flash.Same goes for all the other manufacturers- they are already MPEG-LA licensees and safe from the vast majority of patent threats.
So all those implementing WebM still needs to license H.264 to be safe from patent threat, and all those implementing WebM almost all have implemented H.264. WebM is only an addition to H.264. So the question for Google is always why dropping H.264 and never why adding WebM (since it is always there).