Mozilla today announced that a new Alpha build of Firefox had been made available. Firefox 3.1 Alpha 2 includes support for the HTML 5 video component and a handful of new features. The video has been show playing with a translucent appearance and integrates perfectly into the browser with minimal effort.
Firefox has had its planned browser releases scheduled for some time, but this release seems to have been released in response to Chrome, or maybe this is just coincidence.
It seems firefox is playing catchup to a browser it never knew existed.