By not supporting the practical format, Mozilla isn’t making a brave statement or taking a stand: they’re just keeping everyone on Flash and preventing meaningful adoption of HTML 5’s
<video>element.
— Marco Arment’s take on the new <video> element is, as always, on the money. The best way to support everyone for the foreseeable future is still H.264 in Flash for the majority, falling back to a raw H.264 file via an <embed> element for non-Flash devices such as the iPhone.