Dan Rayburn reports that Google is making a major announcement tomorrow around the open-sourcing of its VP8 video codec.  This is a big deal because if Google throws its considerable weight behind an opensource VP8 codec and HTML 5 it could be another serious blow to Adobe Flash as the developers’ video delivery platform of choice.

From Google’s New Video Platform Called The “WebM Project”

Between all the details that are starting to come out about Google’s announcement tomorrow, it’s clear that Google’s going to be doing a lot more than just open-sourcing the VP8 video codec. And if the rumors I heard from earlier today are true, and Google does in fact have or will have hardware support for VP8, then their announcement is going to be a really big deal.

Google is serious about video. Tomorrow’s announcement comes on the heels of YouTube’s 5th birthday where YouTube product manager, Hunter Walk, predicted the end of “online video” and the rise of ubiquitous high-quality video across any screen – streamed through just one channel, yours.