Google has announced the HTML5 YouTube beta. It is a very important step to get rid of Flash Player from my computer. Right now HTML5 YouTube in beta stage, so do not expect a lot from it.
"HTML5 on YouTube doesn't support videos with ads, captions, or annotations and it requires a browser that supports both the video tag and h.264 encoded video (currently that means Chrome, Safari, and ChromeFrame on Internet Explorer). We will be expanding the capabilities of the player in the future, so get ready for new and improved versions in the months to come."
To try it out, go to the HTML5 page via TestTube or visit this page.

good or bad
Mustafa (not verified) on Sun, 01/24/2010 - 22:38that's great.
now video is part of the web no need for flash or silverlight ,but the problem is there's no standard codec .
why firefox can not run h.264 , is it technical issue ?
Read this interesting post to
Fahad on Sun, 01/24/2010 - 23:33Read this interesting post to understand why Mozilla doesn't support H.264.
Vimeo has also introduced its
Fahad on Fri, 01/22/2010 - 14:56Vimeo has also introduced its own beta HTML5 video player, and like YouTube, it uses H.264 and requires Safari, Chrome, or ChromeFrame.
I wish that firefox can run H.264 codec by default.