The up-next to YouTube video streaming site Vimeo, today announced it's transformation away from Flash and onto the HTML5 platform. The new HTML5 video player will not be able to played thru all iDevices, Android and other non-flash supported devices. Vimeo calls their new HTML5 player a Universal Player. The new Universal Player will seamlessly play HD content on any website using the new embed code. 

Source 9to5mac | Vimeo