According to The Chromium Blog:
…we are changing Chrome’s HTML5 <video> support to make it consistent with the codecs already supported by the open Chromium project. Specifically, we are supporting the WebM (VP8) and Theora video codecs, and will consider adding support for other high-quality open codecs in the future. Though H.264 plays an important role in video, as our goal is to enable open innovation, support for the codec will be removed and our resources directed towards completely open codec technologies.
So will Chrome still support Flash Player? Flash Player is the container for many video formats including h.264.
Does this mean Google would not support non-open/proprietary codec like h.264 but support a non-open/proprietary container like Flash?