Augh. The Russian Climbing video.
Cool? Yes.
Parkour? No.
Extremely dangerous and unhealthy: Yes.
If memory serves, he currently has a somewhat significant amount of joint problems from doing such extreme drops. This video is not what Parkour is all about, although it is very impressive.
For those of you who don't know/might be interested: When training Parkour, most people train at ground levels, taking very small drops. Certainly nothing about your own height, and certainly not from multiple stories up. People who can do this (David Belle, Sebastian Foucan, etc) have been training for 20+ years. They started small, and over the course of two decades have been able to increase the distances of drops, among other techniques, safely, because their body and their joints have been conditioned to be able to take it.
So people see their videos, and immediately assume they can just go out right now and bust out a two story drop (ex: Manpower gap:
http://video.google.com/videoplay?docid=-1384889833664818323&q=manpower+gap&total=7&start=0&num=10&so=0&type=search&plindex=1 ). What people don't realize is that that is David Belle, and like I said before, he's been training for 20 years. So people see this video, and then they go jump off their roof, and they might even be okay! But after repeated drops like that, they wreck their knees, ankles, feet, legs, entire bodies.
So long story short: It's a cool video. It's impressive. It's not what Parkour and Freerunning is about. Just a PSA from your friendly neighborhood Traceur, concerned about safety.