The other day, I sat next to someone on an airplane who worked for Ripcode.
http://www.ripcode.com/Basically, it transcodes on-the-fly for any sort of mobile device that hits the webserver, saving (in theory) tons of storage that might otherwise be spent on caching video files of various sizes.
Has anyone seen an open source equivalent of this?(I'm sort of curious if there are any existing open source projects which do various components of this.)
