While it’s true that other video-sharing sites (like Vimeo’s HD channel) have had large HD-quality video for a while now, YouTube has finally jumped into the fray with its own HD.
And to be honest it looks really good.
The only drawback is that it’s absolutely required that you have a reasonably fast PC with a decent video card, else you get dropped frames here and there.
An example of YouTube HD is here. Click the "watch in HD" link under the video.
One thing’s for certain – you absolutely cannot use a webcam to get this kind of quality; it more or less has to come from a camcorder or handheld USB video device that can do 16:9 aspect (which most do). The drawback with that is that while cool, the video takes much longer to upload and brings us back to a point where video is difficult to use once again. A webcam is easy, a camcorder is difficult. You have to transfer the video off the camcorder first, edit it, render it (which takes at least twice as long), upload a huge file, etc.
HD is cool but definitely not for everyone.

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