Following the steps in the tutorial… You get a pristine looking video at under 1 minute, down to slightly better than YouTube results at 4 minutes. Apparently over 4 minute videos won’t work.
I don’t think you actually need the tool the guy recommends, you just need to know the right command line hashes for FFMPEG (meaning you should be able to use FFMPEGX or WinFF or SUPER). Licensing a copy of the On2 codec probably wouldn’t hurt either.
If you click the More link in his description for the video, he definitely has a bunch of great looking footage posted (relative to the way other YouTube vids look at least).
The answer is I don’t know for sure, but based upon who told me the info to begin with, I took it to mean this quarter.
Does this mean the iPod will be able to play Flash Video too?
Actually, the one (technical) question I have though is… does this mean that the iPhone will be able to play any Flash SWF files? Or just the FLV files?