To hear the talk going around, HTML5 will change everything about Web Video and the world we live in. Actually, it’s just another way to embed a video in a page. Unfortunately, for Web Developers, it adds another level of complexity to cross browser development when it should have been the opposite.
Because of the infighting amongst the various Tech Giants, it’s currently impossible to simply drop a video tag on a page and have the video play. If your browser plays H.264 in the video tag, then you’re probably watching HTML5 video. If not…the player falls back to Flash.