Is VP8 open source?

"One of the big pieces of news out of the Google I/O conference last week was the open sourcing of the VP8 video codec.

"With VP8, the promise from Google is a video codec on par with H.264 that will be available royalty-free. It's a good idea, but there might be a problem.

"The license that Google has chosen for VP8 isn't technically an approved license from the OSI (Open Source Initiative), the group that decides what is and what isn't a bona fide open source license. At least that's the view of former Sun Chief Open Source Officer Simon Phipps."

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