Do you Understand the Mozilla video investment?

I thought I was missing something when I read that Mozilla was investing money in a new open streaming video format.  Yeah I get the proprietary thing, but do we really need another way to get video into a browser?  I’ve installed Flash, Silverlight and Quicktime (try to avoid Real) and can play it all.

Apparently I was not alone in trying to grok this one … and while this awesome post is clearly biased, it’s well worth a read – if not just for the humor.

Regardless, I don’t get this … I’m not seeing an issue as either a viewing consumer or a content producer.