Video Sites Breed Like Rabbits (TechCrunch)
Here's an interesting blog article about a new entrant into the online video arena called JumpCut. The posts are as interesting as the article, which is titled "Online Video Sites: Breeding Like Rabbits." JumpCut's "about" page explains itself, but the demo is where you really get a feel for this tool.
I'd say that JumpCut is more than a video sharing site, it's a place where you can draw from the creative assets of friends and strangers, and edit from the web (vs. tradtional at hom).client-side software (like the one you're using