Does this replace Flash video in some way, or is it merely a different wrapper of the same delivery method?YouTube HTML5 Video Player
This is an opt-in experiment for HTML5 support on YouTube. If you are using a supported browser, you can choose to use the HTML5 player instead of the Flash player for most videos. Your comments will help us improve and perfect the mixtures that we're working on. So jump in, play around and send your feedback directly to the brains behind the scenes.
Boffins, its over to you.