This module will add Transcriptions (or Closed Captioning) to video and audio files. It will also integrate with Media Player, YouTube API, Asset, and Embedded Media Field.
Ultimately slated for a Drupal 7 release (because of required hook_file and hopefully streaming packaging). However, there will be an initial Drupal 6 release with limited functionality.
Rough road map:
* Create CCK field type for limited CCK integration.
* Create stand-alone tables for File object integration.
* Hook into Media Player (and maybe JW Flash Player) to allow "pause and transcribe" functionality.
* Create XML files for said player(s).