My favourite, actually, is thumbnail previews along the progress bar, so you can see exactly what you’re skimming over when you’re skipping around a video. The video player itself is 25 per cent larger with a new native res of 720×404, so 480p video isn’t scaled down (much) anymore, and it’s chromeless (the controls disappear).
Other new hotness includes adaptive streaming, so it automatically adjusts a video’s bitrate to fit your connection – meaning less stuttering and buffering when your connection suddenly starts sucking – and ad volume normalisation, so loud ads won’t blow out your ears. There’s a lot more, so check out the full photo set of features here.
Oh, and the codename for the project? Project Voltron. Yes. [Hulu (cached) via BusinessInsider]