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This is a You-Tube-Like site for posting and tagging videos on the time line. This not only opens up the door to “online editing” but makes finding content within video useful. In the future I imagine seeing search results from google being a bit more useful. That is, if people tag their content usefully.
I was pointed to this site by my friends at The SEA, who are working with Viddler.
Dragon is a tool developed by the Media Computing Group at RWTH Aachen University. It allows for direct manipulation of objects on the screen according to their trajectory. In their study, they found that users preferred this method of interaction over a basic slider because it gave them more perceptual control. In the screen grab of their video (on the Dragon project page) you can click on the object to move it in time and trajectory.