I just tried it and think its awesome. It's extremely easy to use and works really well. I'd love to use it on a regular basis..... but....

1) The terms of service are kinda scary. If I amass a large library of awesome videos you guys can turn off your servers and walk away like it's no big deal and you guys own the videos I make.

2) It seems as though you are doing everything you can to avoid users from embeding videos and want users to visit viewedit.com instead. Will this change?