http://blogs.cisco.com/collaboration/open-source-h-264-removes-barriers-webrtc

Can this be useful for us?

> Can this be useful for us?

I guess not so much. MorphOS already has an H264 decoder implementation via libavcodec (used in MPlayer and OWB, for instance). I'm not sure how Cisco's H264 decoder implementation is any better than libavcodec's.
Regarding the binaries Cisco will release and pay the license fees for to the MPEG LA, they are so far only announced for Linux (likely x86 only), Windows, MacOSX (likely x86 only) and Android (likely ARM only). No MorphOS there, as expected.

Binaries for other platforms we cannot use of course. They plan to release the source, this is why I am asking: http://www.openh264.org/faq.html

> They plan to release the source, this is why I am asking

Yes, I referred to this in the first part of my posting. Only the second part is about the binary release.

If you use Cisco's source code in another product (mplayer...), you still have to pay the (very highly expensive) h264 licence fee... like today.
If you use the binary provided by Cisco, they will pay the fee for you... but I seriously doubt they will ever build a MorphOS version.
If you continue to use ffmpeg's or any other h264 codec like today, you still have to pay the fee if they ask you.

And I imagine, as this is a company, all this will be time limited and they will stop wasting money on this in a few years...

So, in my opinion, nothing changed at all.
Except maybe some people will compare this codec implementation to the existing opensource one. If it's better in any way, it's possible to hope they will improve it (if it's not droped in favour of Cisco's one...)

Yes, they write it here: "a team can choose to use the source code, in which case the team is responsible for paying all applicable license fees, or the team can use the binary module distributed by Cisco, in which case Cisco will cover the MPEG LA licensing fees."

So it won't be interested for us.