Just found this wonderful blog while doing my regular Technorati search. 

Andrew Baron of Rocketboom and dotSUB are truly committed to creating a browser based platform to enable the hearing impaired in all countries of the world to pro-actively get involved with enabling online video podcasts, video blogs or any other type of online video, (assuming permission from the rights holder), to be captioned long before any legal requirements or even formal political lobbying has started.

The format will be perfectly readable, enabling scores of other languages to also be captioned in a readable format, and it won't require any downloads or any training and can be done by anyone bi-lingual between any language pairs.  It can be a 'wiki' type of efforts led by anyone who feels that particular content is important for others to be able to enjoy.

This is a community effort, and not one which fits into any already existing sets of rules, formats or structures.  It can be viewed as 'fan-subbing on steroids'. 

Nothing like this has ever before been attempted, so we are going to make a lot of mistakes and are anxious to learn from all of them so we can continue to improve our service and enable a wider selection of web based video to be available to the global hearing impaired community.

The entire service and process is totally user generated and free!!

Feel free to get in touch with me at dotSUB - michael@dotsub.com or Andrew Baron of Rocketboom - andrew@rocketboom.com - with any ideas or suggestions as to how we can be of help.

Sincerely,

Michael L. Smolens
Founder & CEO
dotSUB llc - Any Film Any Language
360 East 72nd St. #C3104
New York, NY 10021 USA
michael@dotsub.com - email
1-917-742-0158 - tel
1-646-403-9944 - fax
mlsmolens - Skype
http://dotsub.com - website