Video Summarization API released
Now you can submit your own videos to be shortened to any desired length using the HighlightCam video summarization infrastructure. Details here:
HighlightCam API at Google Code
You can see a great example of the API applied to a nature documentary in this writeup over at VentureBeat:
Automatically cut videos down to the best parts: HighlightCam releases API
and a technical discussion at Hacker News.
For now you can submit up to 20 videos a day for free! A paid version for heavy users is coming soon.
HighlightCam Blog