H.264 isn't going away anytime soon since unlike WebM it can be decoded via GPU.

Mozilla wishes to expand its browser's market share on mobile devices which rely on video decoding via GPU, so they must support H.264 via HTML5 on their mobile versions, since they cannot support it via the Adobe Flash plugin as Adobe dropped Flash on mobile devices (primarily due to Apple refusing to ship Flash on their mobile devices).

Mozilla cannot reply on Adobe to provide its plugin to desktop users either as they are dropping support for GNU/Linux users, so by providing H.264 via HTML5 Mozilla's desktop users will be able to playback high definition content via GPU if their GPU supports it.

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