Theorion.com makes use of YouTube videos and the slideshow feature in TownNews, the website's host and content management system, but there are a lot more tools available for visual reporting.
One I used some at 55423.info was Vuvox, an interactive slide show program that puts photos and even short video clips on a moving timeline. Here's something Casey Myers of 55423.info put together after he shot a high school tournament game.
And here's an early one I did to report the Fire and Ice Coronation at Richfield Senior High School:
Another tool that has some interesting possibilities is Qik, a web-based video service that allows journalists to live stream video to a website from their mobile phones. Here's a quick explanation:
Reporter Jeremy Jojola, when he worked at KOB-TV in Albuquerque, did lots of reporting live from the field with his iPhone and Qik. You can read an interview with him by The Poynter Institute's Al Tompkins if you'd like to learn more. Here he gives a live demonstration to a high school class.