Is there any ETA on when the source will be available? Currently looking at having to implement a system like this and am interested to see how far I could get before it's obsolete ;)

Nothing yet? we are in 2012 already. Since September 2011 waiting for an authorization to publish???? Is this really an open source community?

Giving up on this. Will start looking at a saas/hosted offer. maybe http://sproutvideo.com/features