Linked by Eugenia Loli on Wed 17th Sep 2008 23:09 UTC
Multimedia, AV Dirac is an advanced royalty-free video compression format designed for a wide range of uses, from delivering low-resolution web content to broadcasting HD and beyond, to near-lossless studio editing. The v1.0.0 version was released yesterday, and the new VLC version supports playback of .ts/.drc Dirac files.
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It's already in 3.1a2. I'm using it right now, and have tested the video tag support. It works, but is 'unstable' when put through some browser use. Hopefully this is fixed when 3.1 comes out.

The idea of a video tag controllable through JavaScript is absolutely brilliant though. I must agree.

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