Using a standard video codec makes way more sense. If they are able to use Javascript but kick the processor-intensive element out to a GPU or other chip that would seem to make some sense.
I think any value to Clipstream is less about plug-ins (really that's a 1998 problem) or transcoding savings, and more about whatever features they build around video.
There's a lot of money to be made around video technology and applications. I just don't really see evidence that the CEO can execute on any of it, let alone formulate or communicate a cohesive strategy.
If I were them frankly I'd be pouring all of my R&D back into PlayMPE. Do what you're good at, and stop doing what you are awful at. Sounds weird I know.
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