* Jpeg has some fancy features not seen in WebP (4:4:4 YCrCb, CMYK support, etc)
* Jpeg's compression is "good enough", and nobody cares about diskspace (cited Facebook 85%, Flickr 96% quality level)
* If WebP, why not Jpeg XR?
* WebP has no alpha channel support!
* There are "low hanging fruit" in Jpeg optimization such as progressive encoding.
Each of these points in isolation may be valid, but together they give me the feeling that he was arguing surgically. He said Jpeg is already very good, Jpeg is actually bad but there are low hanging fruit to improve it, and whether Jpeg is good or bad doesn't matter because nobody cares.
Personally I feel the "75% is already very good" argument to be the weakness. Facebook pictures are very poor compared to the original, and if diskspace is not a problem they would have increased it to 96% like Flickr.
I hope Mozilla supports the format and let the users decide.