"VP8 is simply way too similar to H.264: a pithy, if slightly inaccurate, description of VP8 would be “H.264 Baseline Profile with a better entropy coder”
I believe this was written before the update that acknowledges that VP8 has a partial analogue for B-Frames (which aren't present in Baseline H.264).
Another quote:
"The primary weaknesses mentioned above are the lack of proper adaptive quantization, lack of B-frames, lack of an 8×8 transform, and non-adaptive loop filter. With this in mind, I expect VP8 to be more comparable to VC-1 or H.264 Baseline Profile than with H.264"
I guess it's arguable what he actually means because he's not explicit but I read both quotes together (and indeed the whole piece) as saying the VP8 spec is better than the H.264 Baseline spec. Whether that translates in the actual encoders, depends mostly on the particular H.264 encoder.
