[youtube=http://www.youtube.com/watch?v=BsmAZR2RLA4]
Last night during a general browse of YouTube I ran across a link to a new feature called Video Annotation.  This appears to be a new feature that has only just been launched and I’m in the process of experimenting with it to determine it’s functionality, opportunities, strengths and weaknesses.
I’ll report more on this when time permits (see updates below).
In the meantime here is an initial clip I put together.  Unfortunately it appears that annotations aren’t devolved to embedded instances of the clips, so to view the annotations I’ve included …