Published on 11/15/2007
Steve Chen (YouTube’s co-founder) announced it a the NewTeeVee Live conference yesterday: YouTube's video quality will be improved and it will adapt to the user’s connection speed. This is sometwhat similar to what Move Networks is doing.
Interestingly enough, CNET reports that YouTube stores uploaded videos in their native resolution and creates a 320x240 copy before serving them on the site.
This means that a number of videos that were uploaded in a higher resolution could be available immediately when the new format launches.