Yahoo! has just aquired jumpcut

Jumpcut is a video site, but the coolness is their web-based online video editor. With an easy to understand Flash interface you can rearrange and trim clips and add snazzy transitions. Also cool: you can email video from the video camera on your mobile phone to the site. Every video has a “remix” button, that when clicked makes the video you’re watching editable and mixable with your own content or other content on the site.”

source: nate koechley

Thought this might inspire anyone currently building their own web application!