Google has taken the next step in their Google Video service. Google is now inviting the public to upload their own video to the Google servers, where they will be integrated into the video.google.com search. Currently video.google.com searches the closed captioning records of recently aired TV shows, and allows you to see snippets of dialog with images captured from the broadcast.
Google says that in the near future, the video you upload will be searchable, previewable, and purchasable by the public. All of the details are outlined in the FAQ.
This certainly looks interesting. This may really impact the way we distribute news and paid programming. certainly something to keep an eye on.