I can partially answer--it has a video player and you can move files in and out via USB cable or wifi, just like any portable storage gizmo. I don't know what native video player it ships with nor what codecs it can translate. I presume you can download other video players via the App store.

My guess is the answer is yes, but with video there's always the question of what codecs the video camera uses and whether they're readable or can be exported to a portable format, like MP4.

Cheers,