We recently saw the proof of concept for a JavaScript video player in JSONVid.

Pascal Vuylsteker has paired JavaScript and Quicktime to create OraoWeb. He puts a call out to argue that Flash isn't the only king of video and talks about the shortcomings:

• Clean fast forward
• Fast rewind
• Jog Shuttle
• Frame by frame step forward and backward
• Direct access to any frame
• Precise information about the currently displayed frame
• Precise information about the amount of already downloaded data (in progressive download)
• Selection control (constraint the navigation within the video)
• Can read any format
• Encrypted cache, no easy way to pirate the video, even in progressive download

He then says that he wishes Quicktime would support full screen better, and the multi-platform story isn't as good as Flash (no Linux).

Check out his demo to see some of these features in action: