Accompanied by my feeble shout of "VIDEO PORTAL!!!!"
I mean come-on, would be no different from flash portal. Maybe the judgement score could be higher if the filesize is higher, removing large spam.
I know a bunch of you will probably reply saying some stupid bullshit about filesize and what not, but 5 megs of compressed video is a whole lot longer than 5 megs of flash imported video. Newgrounds would actually be saving space by removing the need for people to submit thier video in flash form!
I can't think of any drawbacks.
BTW; Made using 3Ds max, and flash (only from necessity >:( !)