An excerpt from the interview:
Webmonkey: How do you see these factors -- the HTML 5 video tag, putting the Ogg codecs right into the browser, presentation techniques that mimic the plug-in player experience -- affecting video on the web? What's it going to change in six months? Or six years?
Beltzner: In six months, you're going to see more
sites like DailyMotion doing things where they detect that the browser
supports Ogg and the video tag, and in that case, they're going to give
those users an Ogg-and-video-tag-experience.
I think you'll see content sites doing this because they'll have the
ability to re-encode their entire video libraries without having to pay
any licensing fees. The Ogg Theora encoders are completely license-free
and patent-proof. They don't need to worry about which player you've
got. They also don't need to worry about which hardware you've got. Ogg
Theora will run on Windows, Mac and Linux, or any embedded device or
mobile device built on the Linux platform.
Here's a beta example page from DailyMotion demonstrating use of the HTML 5 <video> tag. If you have Firefox 3.5 installed, or a reasonably new version of Webkit/Safari and the XiphQT component install, you should have in browser video playback - Ogg Theora and no Flash player needed.
YouTube's demonstration page here.