Much has been written about MeTooTube (e.g., this BBC article). My first reaction is that this sounds like a media mall being built, with security guards and shining floors. YouTube, by contrast, is a rather disreputable urban area with street performers, not all of them accomplished, and hawkers, not all of them legal. I’m more of an urban type myself, but will probably visit the mall to stock up on Simpsons.
My second reaction is that there’s quite a lineup of other web bigcos providing land for the mall (Yahoo, AOL, MSN, and MySpace). That just goes to show that it’s all about the Google these days.