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Jason Garrett-Glaser, currently lead developer of x264, on the state of Internet video. Thoughtful, detailed, insightful analysis.
Daring Fireball Linked List: Flash, Google, VP8, and the Future of Internet Video - I’d venture to add “thorough” to the list of adjectives for Jason’s piece.
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Dear Google, With your purchase of On2, you now own both the world’s largest video site (YouTube) and all the patents behind a new high performance video codec — VP8. Just think what you can achieve by releasing the VP8 codec under an irrevocable royalty-free license and pushing it out to users on YouTube? You can end the web’s dependence on patent-encumbered video formats and proprietary software (Flash).

Open letter to Google: free VP8, and use it on YouTube - Free Software Foundation - If Google heeds this letter’s advice, the web would change for the better overnight.

Update 7/17/10: They did.