What does this mean for h.264? That Google will only use it to keep iApple users happy? That Google will use it, but use VP8 as well as leverage against h.264 patent holders from charging high (extortion-like) license fees? I'm kind of confused. I guess if you're developing a web site with HTML5 video, and you're concerned about h.264 patent holders asking you to pay up, you choose VP8.

Practically speaking, it seems like it means that rather than waiting for Adobe to release your new in-browser video player, that you have to wait for the browser creator(s) to release support for your new in-browser video creator.