The Media module and the modules which interact with seek to deliver a usable, extendable and consistent platform for handling images, video, audio and other filetypes from your local files and 3rd party services like Youtube and Flickr.

This functionality is the result of more than two years of development by over a dozen developers during several sprints.
Come see a demo of what the module does now, its goals for the future and what you can do to get involved.