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Comment DON'T PANIC! (Score 3, Informative) 675

Mozilla is going to implement gstreamer backend for html5 video element. See Bug 422540.

Also, Opera developers are going the same way. See this blog post.

Using gstreamer as a backend will eliminate ALL the problems with codecs. Forever. It will be able to play just the same as a usual desktop players, and that means, it will be able to play Ogg Theora, H.264, DivX, whatever you like - it's only a matter of plugins installed.

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