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This is something that should have been done by them a long time ago and they need to add some cool features in it. I'm sure it will be successful.
Agreed, this could make uploading videos to youtube easyer ad cheaper though as now instead of having to go out and buy editing software or using windows video editor and faffing around with different file types it can all be done online.
Sweet
It's a novel idea, albeit you have to upload the raw film, which can take time. As a side news, vista/windows7 users can also download and use the free windows live moviemaker, which has free plugins to directly upload to youtube and facebook. That way you are only uploading the finished product to youtube, not the whole raw film. It's incredibly easy to use, I've been doing this to upload content from our kid's trips. The side benefit you can also burn the finished product and create dvd discs (with dvd menus) from within windows. In fact I still have a copy of vegas to do the same things, but the ribbon toolbar and improved featureset of live moviemaker made it so easy to create non mission critical work. I used to dismiss the early live release, now they are quite a bargain find.
Take a second look, you can download only the apps you want and uncheck the rest. It does add some additional components which may not be optional (codec support/runtime/etc)
I agree, there are already a number of free editors out there that do MORE without having to waste time uploading raw video to an online account AND THEN fiddling with It.
Also don't forget your giving them permission to attach ads to your video as well.
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