I just came from metacafe. Expecting smooth software like youTube and others, I was quite shocked when next to nothing worked. I uploaded a video which I couldn't even see for 24 hours myself while others eveidently could. It also destroyed it and now is receiving low marks. I'm like...wtf?
If you decide to upload video, the settings you choose are not changable like youTube and others. You're completely stuck with them. The only way to change them is to, believe it or not, email them.
Although they just received $15m to further their agenda, I'm afraid it will take another 6-18 months while they hire worms to set their online program up. After this, they may become major players in the online video hosting game.
With more success comes more expense!