You didn't highlight the part of the announcement that I was happiest to read: "VideoPress now takes a fraction of the space it used to and is optimized for speed, so pages and posts with video content load faster. This is a huge plus for viewers who use slower connections or rely on bandwidth-strapped mobile devices." I'm on a 1M/sec connection, and I've never been able to watch the videos at WordPress.tv very well. Sometimes it feels as if Silicon Valley developers ignore those of us in rural parts of the US or the global South (as with the next to most recent overhaul of Flickr, which suddenly made that site almost unusable), so thanks to Matt & Co. for remembering that we exist (and even sometimes upload videos, agonizing as that can be.)