The big news announcement of the day is that MPEG LA, license holder for a number of high profile video standards has declared all h.264 video will be royalty free, so long as the video is provided to the end user for free. The technical implications of this are lengthy, dull and tedious. The short version? You can now watch porn on any device you want without any additional plugins (cough.. Flash). With an upsurge in mobile devices, the web has been calling out for a standard movie format to call its own without having to rely on third party codecs or plugins. With no open source formats available, each…