Open source firm Editopia has just announced the release of NCode.
This is a server-side video encoding offering. Web developers can add video, in any format, to Flash. Under the General Public License, it costs zip zero.
NCode is cross-platform friendly and supports multiple codecs, including H.264, and PHP and Java programming environments.
Editopia may soon release an enterprise edition with support, as well as indemnification and rights for fee-based codecs.