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And is it possible for me to do something similar without enormous amount of effort?

Background info: I have a large collection of urls from sites like youtube, metacafe etc. I would like to make a page with previews of all of the videos - at least an image of the video, preferably animated gif, or ideally the whole video like Bing does.

A: 

I would say it requires a lot of server power and a powerful compiled language such as C or C++ running on a server processing each video. I don't think there is an easy way to do this.

Sam152