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Video is everywhere these days and for good reason. Even a short video clip contains a lot more information than a still image. But playing back videos in a way that works across browsers and devices has been tricky. Just using the HTML5 video tag means you have no control over the controls on the video and event handling is a complete cross-browser mess. Both jwplayer and video.js don’t behave like standard HTML elements and are therefore hard to use in modern responsive layouts.
If you have been looking for an alternative, the wait is over: today Ziggeo is open sourcing their video player. Including it in a page is as simple as adding a player tag. The player behaves like any other HTML tag and supports Flash fallback for older browsers and video formats. And it is highly customizable and every level from using CSS to style the all the way to subclassing the event loop (for example to add a pre-roll video ad).
Oliver who created BetaJS is giving a talk about the player and the framework today at the Fluent Conference in SF today. If you happen to be there you should definitely hear him talk. In any case I recommend that you go and try out the player and BetaJS.