It's the "net" part of Net Neutrality that makes it irrelevant to this. This is the older and more well-known problem of companies forcing incompatibility to achieve one of their goals when it's not in the interest of the masses. You waved the wrong flag. Try "Freedom" next time.
Also, your assertion that Google is in control of every aspect of this are completely false:
The player is a codec, and Google has open-sourced it, placed all the patents they own that pertain to it in the public domain, and promised never to sue anyone for using it however they want. So they do not "own" the player.
The distribution mechanism is the web. Google is a big fish in that particular pond, but they do not "own" it, and any attempts to exert control using their influence will be seen as a fault in the network, and they will be routed around.
The codec, as has been discussed, is the player.
As for the video search that reveals the content: Google is only one option among at least two acceptable options, and to suggest that they would tamper with their search results to promote WebM over h.264 is ludicrous. They would lose market share faster than the GIF file format.
I may agree with your apparent wish that Google would just support h.264, but your opinions on this matter are not well thought-out. I suggest you stop posting on this article.