On 15 June 2010 Ffmpeg announced their new release : Ffmpeg 0.6 , whose main feature is support for libvpx library for the vp8 codec, which means it will now support html5 video conversion.
This is a major step in the process of adopting html5 as a standard for video sharing sites, and in my opinion, in about a year we will see all the major video sharing sites, switching from flash to html5.
You can download the new ffmpeg 0.6 from here
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