Take a look at this video during the recent Honeycomb launch event:
Watch only the part that shows CNN demoing the live video.
For those of you that may have missed this fact Google has discontinued support of the H.264 codec in the Chrome browser saying that they need to transition to a more open standard being Google’s Web M codec. I believe this is the wrong decision, but time will tell on this. I would like to highlight that this video playing on the Honeycomb platform however is not Web M. In fact it probably is H.264 and not even Flash. Why? Well the toolset (hardware & software) simply does not exist for a company like CNN to use Web M. It may in time, but right now it doesn’t. So much for open standards.
By the way for you Windows users of Chrome. Microsoft will be releasing an H.264 plugin for Chrome which ultimately will negate Google’s push to Web M.