Yoda Is Your Father said:

I can't watch videos at work - any chance of posting the text here as I'd love to read it.

Sure.
_____________________________________

Over 25,000 years ago, hyperspace travel became widespread. This allowed for galactic expansion and exploration. A Galactic Republic was formed, a long with the Jedi Order assemblies.

Soon after, the First Great Schism between followers of the dark and the light side of the Force occurred. After nearly a century of conflict, the dark-siders were driven off into the wilds of the galaxy.

Over a period of 20,000 years, the Republic regained a sense of security. The dark-siders were lost from memory.

Two hyperspace mappers, Gav and Jori Daragon, made a blind jump into hyperspace. They emerged deep in the territory of the Sith, a race which had been conquered by the dark-siders after their ancient retreat.

While escaping, they unwittingly led the Sith back to the civilized galaxy. The Great Hyperspace War erupted.

Although strained to its limits, the Republic, along with the help of the Jedi, fended off the invaders and returned to peace.

The Sith recuperated for 1,000 years.

Exar Kun and Ulic Qel-Droma, both Jedi Knights, fell to the dark side and became Dark Lords of the Sith race. Allied with the Mandalorians, they decided that it was time for the Sith to attack in full force.

The Great Sith War had begun.

Wave upon wave of Sith ships launched themselves into Republic space. The Jedi leaped into action, only to be overwhelmed by the enemy. Hundreds of thousands of Republic citizens lost their lives in the destruction.

Ossus, a Jedi planet, was completely obliterated.

Finally a massive counterstrike by the Republic defeated the Sith.

They were wiped out.

After 2,000 years of peace and prosperity, a rogue Jedi discovered the teachings of the Sith and founded a new Sith order.

Fearing a return to the conflict of past ages, the Jedi purged the galaxy of the new threat.

A single Sith Lord, Darth Bane, survived the purge and went underground. He set a rule of two to conceal the Sith: there would always be two Sith- a master and an apprentice. He passed the name Darth on to his successors.

The Sith Order lived on, unbeknownst to the Jedi or the Republic.

The Sith waited patiently.

For they knew that the time would come when they could return, and finally obtain their revenge.
_____________________________________

Wow, that IS a lot of text, especially when laid out like that. To everyone, I would definitely recommend watching the HD version, if you have not done so. The quality on youtube is relatively horrendous.

And yes, Hotrod, that is the basic summary. However, I personally thought the details were interesting. The fact that the Mandalorians assisted the Sith helps to lead to their reputation as ruthless sellouts who join the side with the most benefits. This is mirrored to a point in AotC, with Jango. And it is nice to know how the Sith went into hiding, with Darth Bane and all.

As for there being a "story", I guess it's all your point of view. I hadn't really thought of it that way, but it's one way of looking at it.