We've mentioned rumors before, but here it is:
http://www.readwriteweb.com/archives/youtube_begins_to_support_html5.php

An HTML5 video player will allow videos to be viewed without Adobe's
> Flashplayer plug-in, videos will load faster and developers will be able to
> build all kinds of other intriguing features into a media delivery scheme
> based on the next version of HTML.
> For now users will need to sign-up the HTML5 preview on Test Tube and
> they'll need to be using either Chrome, Safari or the Chrome frame in IE.
>
> The biggest benefit of HTML5 support is that it frees users from the need
> to use proprietary plug-ins like Flash player or Microsoft's Silverlight by
> using a simple bit of code to render video. (Note this caveat regarding the
> lack of codec consensus, however.) If you've used Google's Chrome much,
> you've probably seen how often Flash player crashes in that browser. Firefox
> doesn't deal with Flash well, either.
>

Here's how I understand it: If Google does it right, you wont notice the
difference. Video will be beautiful and lovely online. But for developers
and creators, the options will multiply because we wont be stuck fucking
with the constraints of Flash players.

Flash has helped make watching online video easy. Its done its job, thanks.
Now go sit in the corner with Real Audio.

Jay


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