John Gruber has published a list of simple questions regarding the removal of H.264 support from Chrome. My favorite of the questions:
Do you expect companies like Netflix, Amazon, Vimeo, Major League Baseball, and anyone else who currently streams H.264 to dual-encode all of their video using WebM? If not, how will Chrome users watch this content other than by resorting to Flash Player’s support for H.264 playback?
This is obviously an effort to push Google’s WebM codec. But, does Google expect WebM to succeed when Internet Explorer supports H.264 and H.264 alone? Remember, IE accounts for over 30% of browser market share.