Meanwhile, YouTube is also testing adding 3D videos to the site, which may bring those horrendous glasses back. SEORoundtable picks up on some discussion on company forums about it, including a live example here (will only work if you have 3D glasses).

Updated: Later, some reactions from others:
—Henry Blodget: We’re glad that YouTube has not turned out to be a disaster.  (We weren’t among those who thought it would be).  But we can’t stand this attitude.  If Google is tired of people “picking any number to fit any theory,” then they should just publish the facts…Now that Google has taken to publicly defending the YouTube business, why wouldn’t it share some real financial information?  The only reasonable conclusion, unfortunately, is that the numbers just don’t look that great.”
—Mark Cuban: “There are now 2 Youtubes. The UGC hosting site, which I am sure is losing its ass. And the new version of Youtube, which is like every other video site on the net. It licenses content and sells ads around it. This isn’t a bad business model when you have the traffic generation ability of Google, along with the best bandwidth prices in the business.”
—Dan Rayburn does the most through fisking of the YouTube blog post: “I like seeing Google going on the offensive, but unfortunately this post by YouTube didn’t answer any of the so called “myths” in the industry. Are they myths? Could be, but until YouTube proves it to us, with actual numbers, no one is truly going to know.”