Open source vp8?

A number of sources (not including google themselves, so far) are reporting that google are to open source the vp8 codec that they acquired on2 earlier this year.

If true, this is really good news. Open source needs a good high quality video codec backed by a large organisation such as google. Hopefully, Mozilla will put their weight behind this in time too.

I hope we will soon see vp8 content on you tube.