From Accessify
http://accessify.com/news/2009/02/easy-youtube-caption-creator-a-very-rough-first-build/
I got all the way through, captioning a video with a transcript was like playing Guitar Hero, but I couldn’t figure out how to save it. Once I did, the captions (.sub format) weren’t accepted by subtitle workshop so that I could convert them to .srt for Overstream use.
This shows big promise though, because with a transcript ahead of time, this captioning was realtime. It took 5 minutes to caption a 5 minute video.
http://www.projectpossibility.org/viewProject.php?id=10
I guess this ones not ready yet? Couldn’t find a link to try it..

I guess we should add ability to import more formats…
First, the CC on/off feature, and a less obtrusive bar so that my vodpod thumbnails aren’t so ugly….
We’re working on the CC on/off. Did you put in the feature request for the second one, I don’t recall. For now it’s all in the forums, I think we should probably open our bug database for users though…