Does anyone think it's time they ditched it for embedded videos in Safari unless you choose to play it full screen? Just play it in the embedded window like iPad Safari with full screen button, or how most apps like FB and Twitter do these days. We have bigger screens now, and besides, embedded windows often take up most of the portrait width anyway- opening it in the player in portrait doesn't improve the viewing experience.
If they don't ditch it, they really need to introduce a better way to dismiss it rather than forcing you to reach for that Done button. I'm so used to dismissing with a finger swipe in other apps.