Requested feature overview description.
The first frame of some videos does not tell much about what the video is about. I suggest using either a time position of the video or an image post for the thumbnail.
Why would it be useful?
The thumbnail will give clues about what the video is about.
What part(s) of the site page(s) are affected?
Thumbnails for videos and flash animations. Pages of posts that use an image post thumbnail will link to the thumbnail post page. Edit and Upload will have a field for thumbnail post ID , time or frame number.
Updated by Mairo