Who's to say that another group won't buy whatever replaces YouTube and proceed to censure that - copying whatever "regulatory" mumbo-jumbo (look for the language to come from California's legislature) google may use to control YouTube content.
Either this process needs to be shut down now or a strategy needs to be developed before the practice spreads.
If this google buyout goes through, we should begin developing a counteractive strategy.
If any company with money like google can buy out YouTube for the express purpose of controlling content (videos like 9-11 Was a Conspiracy... (by Islamic Fascists) would be pulled so fast you'd never know it was ever there), you can bet someone will devise a plan to buyout and "regulate" FreeRepublic. So just think about that.
Google already has Google Video. Buying out their main competition increases ad revenue, but it doesn't prevent startup sites.
In fact, it opens the door. I don't thing this is a good decision by Google.
It's definitely not going to reduce the number of video sites on the web by more than one.