How does Opus compare to other codecs?
Opus is distinguished from most formats for high quality audio (AAC, Vorbis, MP3) by having low delay and it is distinguished from most low delay formats (G.711, GSM, Speex) by supporting high audio quality. It meets or exceeds existing codecs' quality across a wide range of bitrates, and it operates at lower delay than virtually any existing compressed format. Further, the Opus format itself and the reference implementation are available under liberal royalty-free licenses, making it easy to adopt, compatible with free software, and suitable for usage as part of the basic infrastructure of the Internet. See the Opus comparison page for more details.
http://wiki.xiph.org/OpusFAQ#How_does_Opus_compare_to_other_...
Which is to say, this isn't (okay, isn't just) a case of having "too many standards"; Opus is legitimately impressive from a technical standpoint. Oh, and it's unencumbered by patents. That's cool.
EDIT: And here's the coolest part of the article that completely took me by surprise:
"The IETF recently decided with “strong consensus” to adopt Opus as a mandatory-to-implement (MTI) codec for WebRTC, an upcoming standard for real-time communication on the web."