In my original YouTube vs. Google Video test, YouTube came out way ahead. The one thing that was really killer for me is that Google took days, in one case weeks, to 'verify' a video that I had uploaded. The need to wait an extended period was so... anti-Web. There were also plenty of other features missing, like tagging, commenting, and rating -- features that help generate a community around a pool of videos.
The Google Video team has seemed to take note of YouTube's feature lead and has sent out a mass e-mail detailing all their new features. Everything listed here has been available on YouTube, which goes to show how deficient GVideo was, but now, in a bulleted list at least, Google Video is looking more on par with YouTube. One area they might surpass YouTube is something they haven't released yet: sharing in ad revenue for the videos that you post. Whether this is text ads hosted on the side of your video or video ads before/after your clips, I have no clue. While the opportunity to make money off little videos is attractive, I'm less excited by the idea that I might have to watch more video ads (note: there is no indication that Google is going to do this type of ad, I'm just specuating).
Here's a list of the new features (in their own words, as I have neither the videos nor the time to try this out): * Instant gratification: A web-based video uploader for immediate upload and playback * Share your video with the world, or maybe just your friends: Single-click video posting to popular blog services, including MySpace and Blogger * Get involved!: Now add ratings, tags, and comments for all videos * Zeit-what? Now you can see a "Top 100" list, updated daily, that shows what people are watching * It's "Football", not "Soccer": Google Video now exists in the UK, France, Germany, Italy, Spain, Canada, Poland, and the Netherlands