I thought Chrome came bundled with Flash Player http://techcrunch.com/2010/06/25/google-chrome-flash/

...which supports H.264 in an MP4 container...

http://diveintohtml5.org/video.html

....so I'm not clear on what's actually happening here. Is Chrome going to just stop handing off MP4/H.264 from video tags to the bundled Flash Player even though it's there and can play it? Or will it stop bundling Flash Player? Or bundle a crippled Flash Player? None of the above?