WordPress is a great publishing platform to use when you want to circulate your own collection of video or images on the Web. There are hundreds of plugins available for adding multimedia to your blog. Here in this post, I have collected very useful best multimedia plugins for WordPress for you to use with your own WordPress powered web site.
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1. Zemanta
Zemanta recommends content while you write your post. It helps you enhance it with images, videos, links, and SEO optimized tags. It’s blogging on steroids!

2. NextGEN Gallery
NextGEN Gallery is a full integrated Image Gallery plugin for WordPress with a slideshow option.

3. wordTube
wordTube supports the streaming video format (Format .flv or .swf), sound files as MP3 and JPG, GIF or PNG grafic files.

4. Yet Another Photoblog
Convert your WordPress Blog into a full featured photoblog in virtually no time.

5. SpaceFace and the Rest
Display and publish your MySpace, YouTube and FaceBook account data in both directions.

6. Lightbox 2 WordPress Plugin
This plugin includes the new Lightbox JS v2.0.4 javascript written by Lokesh Dhakar and and was then transformed into a WordPress Plugin by me.

7. The WordPress XSPF Player Plugin
Flash player that allows you to embed music on your blog via http.

8. All in One Video Pack
Easily add full video capabilities to your blog.

9. Flash Video Player
The flash video plugin for WordPress allows the addition of video (and other media) to a WordPress website using standards-compliant markup and the leading open source software.

10. WordPress Media Flickr
You can post with flickr photo, on visual editor toolbar. It’s very interactive interface than other plugins.

Use the above multimedia plugins and share your experience here for everyone’s benefit. Wishing you blogging success.
This is quite an interesting list. I am very much interested in the video plugin (All in One Video Pack) since we post videos in our blogs a lot. I think that would be a great addition to what we already have in order to make our video blogging tasks more smooth.