Yahoo (NSDQ: YHOO), which just announced buying online video tech provider Maven Networks, has quietly relaunched its consumer video service. The service, which has been retooled a few times and hasn’t been a big competition to the likes of YouTube and others, still has the traffic funnel of Yahoo, so has to be taken into contention. The service has a bigger player, better resolution, a better upload tool, and has some new tools for organizing content. This relaunch does not yet incorporate anything from Maven’s acquisition, but one would expect it to be part of the service down the line…which would probably mean an even higher quality video experience.

One missing thing for Yahoo is any kind of premium downloads. Would expect this not to be done in-house, and someone like Amazon (NSDQ: AMZN) through its Unbox service could be a partner…after all Amazon has been looking to do such powered-by deals of late.

• Yahoo Confirms Acquisition Of Video Platform Maven; Price Tag: $160 Million