Paul Kedrosky analyzes the propsects of the YouTube competitor under development by YouTube-hating television networks. I tend to agree with him. It will be a place where you can get stuff that the networks are trying to keep off of YouTube, but it won’t be a YouTube killer in any respect.
In related news, The Daily Show did a bit about Viacom’s lawsuit against YouTube for copyright infringement. Unsurprisingly, several people have already uploaded the video to YouTube as well. (I’m sure that last link will be broken before too long.)