John has all the details and analysis. The best part of this deal, in my opinion – we finally will have an open source media player option with the backing of a large company. I think Windows Media Player will have some decent competition because it is going to finally raise the profile of VLC, which is a fantastic piece of software.
It could also mean, mostly similar experience across all platforms, though Google has shown an uncanny bias toward PC, and has been ignoring the mac community. I am still trying to digest the news, and will have more later.