In the past week YouTube has been releasing one feature after the next. If they keep at this rate they will definitely continue to be the online video market leader. Although the online video market is fairly new and there is plenty of competition, YouTube has the upper hand with a large dedicated community and tons of press to drive new users to the site.
In the past week YouTube launched a new design, released quick capture - a service that allows you to record a video instantly to youtube, and test tube - a similar concept to google labs where you can test out new features that they’re working on adding to the site.
YouTube’s business model is not to keep it simple, but rather to continue developing new features for their expanding community. While many may predict the future of YouTube services (for example expanding into providing regular scheduled programming to viewers on the web), on thing is for sure, YouTube is working hard to keep their status as number one in their industry.