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Video Captchas are Hard for Computers to Understand but Easy for Humans (Video)
A new company called NuCaptcha provides animated video captchas it says are much harder for OCR-based programs to crack than static captchas, but lots easier for humans to figure out. While at the 2012 RSA conference, Timothy Lord pointed his camcorder at NuCaptcha CTO Christopher Bailey, and had him explain how video captchas work and how the company makes money. The video includes demos of the video captchas so you can see what they look like (and the company's website has lots more video captcha examples).
Looking at the samples on the screen as he was talking, I think those would be fun to write a decoder for... And possibly even easier than image captchas.
Why? Because they're moving, and you have a better chance to figure out the outline of each shape because of it. Also, you can use traditional techniques on each frame of the video and submit the one that has the highest confidence, and you could do that with existing tech.
Honestly, I don't see this being better than what we have.
"If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you." - DM