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What good is WebM support in the SoC, or what effect does it have, if there is zero content out there using it anyway? If WebM video would be popular by any measure, this wouldn't have happened.

Note that there are SoC already out there that support VP8/WebM. As far as I know Tegra 2 is one of them. What does it change? Nothing. All those chips support H264 as well. So H264 is what content producers use.

There is content. Youtube has started pushing html5+webm videos to modern webrowsers without flash installed. This includes Android 4.0+.

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