Firefox Closer to Supporting Open-source Video Codec
news.yahoo.com
news.yahoo.com
We will start to see h.264 decoding chipsets ("anytime now") so we can watch 1080p, why revert to a standard that makes it an additional transcoding step and not supported in hardware?
Monty is hard at work rewriting the theora encoder we originally ported from On2. If the leaps and bounds we made with Vorbis are any indication, I think Theora is going to see significant quality and speed improvements.