Finally! Here is the news we have been waiting to hear! Introducing
WebM : Open sourced VP8 video format with Vorbis audio format in a
subset of the open source Matroska container.

Official site : http://www.webmproject.org/
Mozilla blog: 
http://blog.mozilla.com/blog/2010/05/19/open-web-open-video-and-webm/

We owe you one - Google and Mozilla!

Regards,
Gokul Das

-- 
"Freedom is the only law". 
"Freedom Unplugged"
http://www.ilug-tvm.org

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