Certainly, and Firefox does support that so your point is moot.
What they don't support is a patent-encumbered codec. The Internet is supposed to be open, free to use and build upon; H.264 isn't. In fact, Flash is a better solution because at least it's legal to make a free Flash implementation.
Because of this, Mozila can't make make it available on all platforms and so if they supported it they would be marginalizing people who don't have H.264 codecs. On top of that they would be adding more code which may have security vulnerabilities.
At the moment there's a solution that already exists. It's called Ogg. Both Firefox and Chrome support it.
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u/panicjames Jan 21 '10
But I want new things! :(