Is it possible to have captions appear below the video instead of within the video? This would be essential for captioning video that already has some text information in the video itself (like training videos).
I'm thinking of something like an option that reports the current caption to JavaScript which could then set a text block below the video. Or even a more integrated solution where the player itself has a text block that appears below the video controls for the captions.
Is there a way to do this already, or is it something that might be added in the future?


Search the forums a bit and you will find several options for displaying extra text.
One method uses javascript and CSS to position the text anywhere you want it. The text can come from the annotation element of the playlist (good for images) or be read from the captions file for videos.
Another method uses a second media player positioned immediately below the first one which is showing the video. Proper sizing makes the control bars disappear and the second player then displays the captions below the video. Some simple javascript can start them in sync and keep them synced.
Not as nice, you could size the player to have black bars above and below the video and then the captions appear in the black bar. Of course, you have that black bar at the top, but you could always cover that up with a nice banner positioned over the player with CSS.
Have you checked andersen's [url=http://home5.inet.tele.dk/nyboe/flash/mediaplayer/]DemoPage[/url]? He has some nice examples showing extra text displayed with various methods.