Update 03/30/2014 - The original video is missing because Blip.tv was purchased by Maker Studios which has now been purchased by Disney. Thousands of hours of video history has been lost. Let this be a lesson; backup your stuff or use archive.org
Mary Matthews at Video Pancakes is going for number 2 in collecting photos and videos of what folks are doing at the stroke of midnight 2010. She is hoping to gather midnighters from around the world in their time zone.
Here is an example from last year:
So you want in? Cool head on over to the information post and follow the instructions.