HTML5 Video Played in any Browser?

Kaltura, Inc. has developed a way for HTML5 video to be played in any browser. This seems like a pretty big development. Here’s a quote from their press release on corp.kaltura.com:

"Open video, and specifically HTML5 video, continue to gain traction in the market - we are extremely proud to be among the organizations leading the charge with this important industry development," said Ron Yekutiel, Kaltura Chairman & CEO.  "Kaltura's HTML5 video solution, which is already in beta testing on Wikipedia, allows publishers to use HTML5 video today without having to worry about specific browser, format and codec support - our unique fallback mechanism ensures that all viewers can see and interact with videos regardless of their browser and format of the video.  Kaltura's open source HTML5 video player will soon support all advanced video management capabilities, including analytics and monetization, making it commercially viable on devices, such as the Apple iPhone, that do not support Flash.  We invite the community to learn more and get involved at www.html5video.org."

http://www.html5video.org/