Yes. In addition to this, this might even be a good step towards getting rid of DRM.
Currently everyone who wants DRM use DRM... they either use flash/silverlight (turing-complete stuff that can mess up your whole browser) or deploy special Apps (which lock out browsers completely).
Now the move goes into using a standardized API with their DRM behind, an API that can ONLY be used for media decoding.
This makes it much easier to sandbox the DRM and make sure it doesn't do things beyond handling the video/audio content. It also moves the infrastructure of the content distributors much closer to a "non-DRM" HTML5-based delivery... which means the economic incentive to drop DRM (more customers versus costs to reach this customers) gets better.