I've really enjoyed using live transcoding client apps on iOS, but have always wondered if there are any web-based live transcoding solutions. The only things I found were high end broadcasting solutions that are for live stream transcoding, not for prerecorded libraries. Perhaps a better term is on-demand transcoding or just-in-time transcoding?

Wouldn't it be cool if you could load up a URL and get transcoded audio and video of your media library for whatever browser you happen to be using?