http://gear.comon.dk/nyheder/Se-Flash-pa-Google-Nexus-One-1.359070.html (ignore Danish, just go for vid)
Way more smooth than expected. Even non-mobile video formats. I am impressed, even with the much discussed finger vs. mouse interaction!
Impressive. I simply can't believe that Apple want to block their users doing all these things. It's all part of a very unsubtle approach to push users towards the iTunes store rather than using all these free sources of entertainment that run flawlessly - none of the poor performance Apple are so worried about.