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It's been dais before, but all the big sites ate converting FROM Flash. Adobe themselves are killing off their Flash products.
HTML5 streaming is what to convert to, but not all clients support it yet, so you want a fallback. JW Player is a popular player that will use either HTML5 or Flash, whichever the client supports.
Do not think for a second that by suggesting that the browser stream the content you are in any way preventing them from saving it. It takes two clicks to install a plugin to save the video, then one click to save each video.
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