Google has released the On2 VP8 video codec with an open-source license, along with the WebM container format, which combines VP8 video with Vorbis audio.  The company also added WebM support to its HTML5 beta version of YouTube (just add &webm=1 at the end of the video URL, in a supported browser).  What is Google up to, and what does it mean for online video?

Read on to find out.

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