I'm torn about this. On the one hand, people are very bad at editing in general and editing video in particular. They post 4 minute videos of something cool or funny, where it realistically could have been trimmed down to 10-20 seconds.
On the other hand, this constant need to condense everything, including complex topics, into 10 second sound-bites is problematic, in my opinion. Some topics can't be properly understood without more background or explanation of a position.
I'll have to check out your site. Looks like a cool idea. I just hope it doesn't go too far!