Looks cool, but def needs some CSS additions to the play button, "cursor: pointer;" plus the other controls need the cursor property to be set to the proper thing.
The styling of the controls are entirely at the whim of the user's browser. Unlike other players, html5media uses the native controls provided by the browser.
The Firefox and Safari controls are rather sweet. The Chrome ones are a little basic at the moment.
Unfortunately, providing the same JS media API for the Flash fallback is a massive task. There's a few solutions out there that provide a consistent API, such as mediaelement.js, but it's not the standard JS media API, and their overhead is much higher.
html5media aims to be the smallest, fastest solution available. It's a little low on features, but it's great for embedding videos with an absolute minimum of fuss and effort.
No. The scope of plugin seems to be to enable audio and video tags, not to provide JS API. Html5media basically just replaces each video and audio tag with FlowPlayer (swf video/audio player) instances if browser doesn't support HTML5 tags.
Uhm, does it fallback? How much faster is it than it's competitors, seeing as it's competitors have been around much longer and have many more features?