I found this post on TechCrunch and I think it is of some interest for us as we plan to do some more minute video work in the immediate future. It sounds great to have the possibility of remixing. I think we should keep an eye on the development of this tool.

Cuts.com is a video startup TechCrunch heard first of a year ago, although details were scarce. After spending over a year in development, the company is just about ready to launch to a small group of beta users, and expand from there. They look for an expansion of their private beta in two weeks or so.
Cuts aims to help users edit video online using the latest Flash tools.

Here an outline of techcrunch original post:
»Cuts lets you pull in and cut apart videos from sites like YouTube and Myspace, with wider support upon launch. To edit a video, you just need the URL of your favorite video or click a bookmarklet to cut the video on your current page. Cuts imports the video and takes you to their editing suite. As of the private beta, Cuts will let you add captions, add a group of sound effects, loop sections of video, and trim out parts of the video. Each of these functions runs on a separate track you use to sync the effect to a time frame in the video.

Not only will you be able to cut up a video once, but each video made with Cuts will also be able to be cut up again, and again. It’s sort of like the video version of music remixing sites JamGlue and SpliceMusic. Cuts will add a few more bells and whistles after their public launch. You can sign up for the beta version on their site.«