The search giant and MPEG-LA, a patent pool packager (who doesn’t love alliteration?), have reached an agreement that will allow Google to license its VP8 video compression technology, thus side-stepping a potentially costly legal battle. While this removes one roadblock for Google and VP8, H.264 still stands alone atop the video codec mountain.

So how will Google fare, at least in the short term? Click here for more from CNET »