Which is not a big deal when you are watching on a laptop screen.or via a projector.
It does, but it's L3-only (software-based), not L1 (hardware-based) [0]. Streaming providers can then decide which content they'll let you access depending on the level. Speaking from experience, some providers work perfectly (full HD content with no issues), others only give you a really low-resolution stream, and others refuse to work entirely.
> If so, why would Google allow this but not for other OSS browsers?
When EME [1] was first released, Firefox had ~10% market share, and it would look pretty bad for Google to exclude another major browser maker. Smaller browsers don't have the political clout necessary to convince Google to give them access.
[0]: https://en.wikipedia.org/wiki/Widevine#Architecture
[1]: https://en.wikipedia.org/wiki/Encrypted_Media_Extensions
If so, why would Google allow this but not for other OSS browsers?