YouTube's Google Video-ization continues by using more space for the player and less space for the sidebar. YouTube changed the aspect ratio from 4:3 to 16:9, generally used for high-definition TV. Since the videos aren't yet converted to a widescreen format, you'll see an annoying pillar box effect.
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Unless you have been living under a bridge the past couple of years, you know that online video has become hot, hot, hot! Promoting your site, blog or product with online video is free, it’s mobile and social, so getting your vid to the most eyeballs should be easy, right?