YouTube: Flicker for Video?

YouTube is an interesting new site that has just popped up. It is someone's attempt to provide a Flicker-style experience, but instead of photos it is for short videos. Folks may be aware that I am an avid user of Flickr - I had a pro account before they were out of Beta. But I doubt I will be doing nearly as much for YouTube, because my main digital camera does not have a video mode (the downside of Digital SLRs). But you never know. This could be a nice way to store my photo slideshows, when I convert them into a Quicktime movie via iMovie.