Mozilla too has fought against H.264 since the beginning. They'll be thrilled that Google is taking this new step towards VP8.
Also, it really doesn't take much brain to figure out why H.264 is dangerous:
1) no open-source software can ship with H.264 (so Firefox cannot ship with H.264, unless it fallbacks to the OS's codecs, which they now do, or if they cut a deal with MPEG LA). Also, Mozilla is lucky because they do make money and they could cut a deal, but most open-source projects don't have sponsors with pockets that big.
2) MPEG LA is not a real standards body, not like ISO. They are some firm in Denver. Those patents may be reasonably licensed (RAND) right now, but they can change those terms whenever they wish to do so. The only companies protected are those that had contributions in that pool (e.g. Apple, Microsoft)
3) See what happened with the GIF format and the LZW patent: http://en.wikipedia.org/wiki/Graphics_Interchange_Format#Uni...
And most importantly for people that care about the web - the web needs to stay open, where "open" in this case really doesn't mean open for companies and organizations with pockets full of millions of dollars.