Does the video submitted by 12 May have to be final quality? Or will people whose papers are accepted have the opportunity to prepare a more polished video?
You’ll have the opportunity to prepare a more polished video. Of course, the better the submitted video looks, the more likely reviewers will be able to see the strength of your work, so early polishing is a good investment of time and energy. (But note the five-minute duration limit and 100 MB total file size limitations for supplementary material in the Publication Requirements). If your paper is accepted, you must submit your video or its revised version via the final upload page in the online submssion system, for inclusion in the conference DVD-ROM and the ACM Digital Library. Any such submitted videos will also be considered for inclusion in a Papers Preview section of the Electronic Theater program. If a specific section of your video is selected, you will be encouraged to produce a 1080p version of that section for this purpose, but if you do not, whatever version you have uploaded will be used.