@hoaxoner: it costs only as much as like $6 million for Google to keep H.264 in Chrome.
Flash provides top-on-video advertisment delivery, while HTML5' "video" tag does not yet support standardly layering, so Google sabotages it with this move. They did not even care to recode YouTube videos to WebM (only some videos are encoded), because they actually more interested in viewers keeping using Flash.
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