Adobe’s New HTML5 Video Player Widget, It’s Kind Of A Big Deal
techcrunch.com
techcrunch.com
I think they are already doing something similar which converts flash apps to iOS apps.
Photoshop and Illustrator are still the gold standards within the web/design community and while not loved by everyone Flash/Flex is still a very popular platform for developing rich applications. The more Adobe can do to move Flash/Flex (the authoring tools) from being tied to the actual Flash plugin, the better it is for them in the long run.
So I guess they have a Silverlight player in the works, eh?
Jabs aside, this is what they're using: http://www.kaltura.org/project/HTML5_Video_Media_JavaScript_...
Should make things simpler for anyone who is bound to Adobe tools but needs to support <video>.