Though the project mentioned above is still in the works I've done some research and here is what I found. I thought it might be useful to others.

• If you'd like a custom look for your player check out jw player which now allows customization. Also see http://www.longtailvideo.com/addons/ to view server custom skins other users have created
• One option I've looked at but not yet tested is using the Jquery menu http://drupal.org/project/jquerymenu with a little css to quickly achieve a media archive something like this http://www.elevationchurch.org/mediaPlayer.php?url...
• If you want users to be able to download the original HD file but you still want to take advantage of free hosting both Vimeo.com and Blip.tv allow for this (I believe Vimeo requires that the user be logged in.)
• If looking to store your own video (vs. using free storage like blip.tv, youtube, etc.) check out media mover and Amazon S3.
• Kick Apps offers a Drupal single sign on module so their video solution might be the answer for some looking to create a video archive. (I personally ran into problems while testing this module.)
• If you have some money to spend Katura http://drupal.org/project/kaltura offers a very impressive solution when it comes to video storage and upload. They are coming out with a community version of their module so that you can host video anywhere not just on their CDN and still take advantage of the many features the module offers.
• The video upload module is one I've been watching even though no one seems to be talking about it. I like the fact that with version 5 you can push video directly to YouTube from your site saving on storage and bandwidth which is a huge plus for clients that don't have their own dedicated server.
• If you plan to allow users to upload their own videos one usability hurdle that I am still working to solve is the need for a upload progress bar. (The http://drupal.org/project/swfupload is available for Drupal 5 and is in the process of being ported to 6 and it appears from this post http://drupal.org/node/318960 that a progress bar is in the works for filefield.) If you know of current solution I'd love to hear it.
• http://drupal.org/project/flowplayer Flowplayer is another option that integrates with Drupal and offers many features.

If anyone else has experience in building a site that allows for user submitted videos or in just building a simple video archive I'd love to hear you incite.

Thanks,

For anyone looking to build their own video sharing site filefield http://drupal.org/project/filefield now has a progress bar. YAAA!