Too late to edit but I thought I'd quote what's happening in Chrome in regards to built in h.264 support:
Quote:
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.
These changes will occur in the next couple months but we are announcing them now to give content publishers and developers using HTML <video> an opportunity to make any necessary changes to their sites.
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http://blog.chromium.org/2011/01/htm...in-chrome.html
It's probably not a wise move to rely solely on it. It's a good technology but due to it not being fully open there are many who do not support it.