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This is a repost of an earlier project that we couldn't figure out. So, if you have the skills, I definitely want to hear from you.
We created a video player deck from this template - http://codecanyon.net/item/html5-video-gallery-with-live-playlist-/490139 - and it seemed to work great on all browsers except Internet Explorer (the one my client is on). I don't know enough about video codecs and HTML5 to figure out why it's not working. What it'll do on IE is play the audio from the fist video in the playlist only while the preview slide shows the jpeg for whichever one you selected in the playlist.
If you think you can help, please bid.