I don’t know that it does.
It’s essentially inconceivable that the rest of the world — particularly once you move beyond the browser — is going to ever adopt WebM, so any dream of a universally interoperable video format is right out the window. The best possible outcome we can hope for now is that the major browser developers will all support WebM, and we’ll have one video standard for the web, and one for everything else. And that’s not a very good outcome at all, really, compared with the kind of ubiquitous video compatibility we could have achieved.
Even that limited victory seems pretty remote. It would require Apple to support support WebM in Safari and on its mobile devices, despite the fact that Google dropped H.264 in large part just to piss Apple off. And it would require Microsoft to support WebM, despite Google being an arch-rival. It was hard enough to get Microsoft to support H.264, a neutral open standard. What are the odds they’ll ever support WebM?
Google has just thrown away the last, best hope for truly interoperable video, and ruined web video for the foreseeable future. That might sound apocalyptic, but it’s hard to imagine how things could develop otherwise.
