If you’ve been waiting for an beautiful and functional web video experience that doesn’t involve Flash then the wait may finally be over.  The SublimeVideo HTML5 Video Player has nearly everything you want from an web-based video player; no browser plugin, custom style controls, full-screen mode (complete with sexy transitions) and fast video scrubbing.  It’s missing volume control but that’s in the works.

Browser compatibility is only limited to Safari and Chrome at the moment but Firefox support is on it’s way.  Internet Explorer compatibility will also be added but will only do so by falling back to Flash.