Well done Google, we know you care about the future of the web with your WebM Project (VP8)

Yes, it’s been announced as predicted:

http://webmproject.blogspot.com/2010/05/introducing-webm-open-web-media-project.html

All I can say is well done Google, they’ve truly done the right thing and could have single-handedly helped to preserve the future of video on the web! They’ve also hit the ground running with a very impressive list of people backing the format, such as:

nVidia
Intel
ARM
Qualcom
Adobe Flash platform
Opera
Mozilla / Firefox
CORE Codec
AMD
Logitech and more!

Why is this all so important?