Theora better than H.264

The open source community keeps on tinkering on the open Theora video format (The format that Firefox 3.5 will support natively and is part of the HTML5 spec). They now report better video quality (expressed in PSNR) than H.264. I see in the post that they compare it to the open source x264 encoder. I wonder how that compares to commercial H.264 encoders out there

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