Video support in browsers has been even better with the new HTML5 standard. They added a video tag for playing one or a list of videos which will give flash as video container some competition. I’ve allways looked at flash to be the only good solution for presenting video on web but with the new tag the developers get the possibility to use the browsers video codec to render videos.

Read the great post from Mark Pilgrim at O’Reilly Media presenting the use of the video tag, explaining the browsers supported codecs and applications that can convert your videos.

Also have a look at Lee Brimelows post on this matter where he states and I quote: “..Flash video will continue to evolve”

I really hope that HTML5 does not make a negative impact on peoples intrest in flash or makes flash a non-desireble video container. As Lee Brimelow states, the flash library gives the opportunities like embedded cue points and alpha channels. Remember that there are a lot of good free open source flash video solutions out there