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Flash video is absolutely the future, especially for streaming video. Look at all these funny-movie type of sites, they are all switching to flash video. Also alot of news and other mainstream sites that have video streams are switching.
The quality is the same as WMV and so is the file-size.
It only has advantages, you can implement your own DRM system, over 98% of the surfers have flash installed, it works with every version of windows, mac and even linux (only flash 7, but 8 will be soon available).
You don't need a Flash Media Server for streaming flash videos. It works on every server. The only advantage with FMS is that the users can fast forward, just like if you had WMV with a Microsoft streaming server.
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