At the gvsummit last week in Budapest I’ve met Michael Smolens, CEO and founder of dotSUB. dotSUB ist a wonderful tool to subtitle video in the “webbish” way, simply by offering the opportunity to everybody to contribute. easy to use, very effective!
Just check out this one and simply play with the up&down buttons:
It is also embedded at the frontpage of twitter, when you click the video button on the top right.
Here is an interview with Michael.