Are you confused by all the noise surrounding online video lately? Are you even aware of it and do you even care?
For most people browser standards and video enhancements are a result of buying a new computer which just seems to automagically resolve itself to the latest and greatest. Frankly, that is how it should be. Updating plugins and downloading special applications is hard enough for the geeks to stay on top of, let alone those that just want the $%#& computer to work.
HTML5 addresses this issue. Rather than being nagged to update to the latest version of "XYZ" software, HTML5 will take care of this at the geek level, (those who build pages and portals).
HTML5 can do some pretty amazing things and as a result the technical wizardry is light on the computer processor, meaning it takes less computing power. This means your smart phone will be even smarter and faster!
Now Video is another story: The brilliant people who set the standards for web speak (the protocols such as HTML5) could not agree on a video standard, so they have left this to the market to sort out. What we do know is that plugin for video is now a dirty word, this means all those applications you have diligently updated are becoming obsolete. Yet there are billions of dollars at stake, so let's follow the money trail and meet the players: