John Brownlee at Cult of Mac:
Adobe is now supporting HHTP Live Streaming, or HLS, on the Adobe Flash Platform. This support will allow video streaming on any platform where Flash is not installed, provided that the browser is up to HTML5 spec. Best of all, it’s invisible to end users: an embedded Flash video viewed in Chrome on the desktop might serve up Flash Player, while that same page accessed with an iPad would stream the video using 4F4 over HTTP.
Oooh. Now this could be interesting.