A Flurry of Open Source Video-Related News
Mozilla is expected to deliver Firefox 3.1 within weeks, and there is already buzz being generated about the browser's HTML 5 browser support. According to ITWire, video features are "probably the most hyped and certainly the most highly-anticipated features of the forthcoming HTML 5 specification--not least because it allows for far more compelling video manipulation than Flash has at the moment." You can get a sense for how HTML 5 weaves video functionality in with HTML tags here.
Meanwhile, One Laptop Per Child has partnered with French video company Daily Motion to advance the open source video format Ogg. OLPC systems don't support Flash, and it is likely that Ogg will become the native video format on them.
All of this points to some shakeups in how video is handled and distributed in several prominent open source applications and platforms. I've got my eyes on Firefox 3.1 and the HTML 5 video support. That should be one of the biggest improvements in version 3.1, and should allow more flexibility in how video is handled on the web.