Based on this description from techcrunch of Google Adsense in video I’ve found some adsense in video:

According to the post on Inside Adsense, Adsense for Video consists of “in-stream” advertisements. Publishers define at what point the advertisements will appear for each video.

I’ve found just that, in stream advertising with points set in the video where the advertisements display, you be the judge, here’s a demo:

Is that adsense in video? My bet is yes. Thoughts?

Here’s the initial announcement of in stream adsense coming for video.