TagLoops

TagLoops is an online application that lets you remix online media, like images, audio and XML feeds with your own text

Use TagLoops to author web content, not into web pages, but into immersive clips that progress over time - we call them Web Movies

Once your media assets are addressable through a URL, you can use them - no need to download or upload again

Your Web Movies play full screen within TagLoops.com Link to them from your web site or blog, or just keep them private.

Well, TagLoops made it to TechCrunch (congrats Harry!) acouple of days ago. I found one of Harry's comments there to be very interesting:

TagLoops is a combination of two flash tools: the authoring tool and the player.
What’s behind it, is a whole new concept, we call ‘web movies’. A web movie extends the concept of a web page (as a combination of text, links, layout info and embedded media) by adding the dimension of time.
What you create with TagLoops is not a flash or video binary, but a set of metadata, currently stored in our database, but easily encoded in XML.
Web movies is really about repackaging web content into an immersive kind of medium and offering a whole new spectrum of creative possibilities.