This is amazingly good news for education:
Students will be able to make their own videos and create mashups with documentary video from reliable sources such as C-SPAN, Voice of America and Al-Jazeera.
Additionally, users will be able to publish any of their own videos under CC-BY simply by selecting the licenses as an option during the upload process. CC is hugely successful for Flickr images; YouTube's adoption of creative remix has huge potential for students' multimedia projects.
Read more here.
We are fortunate at New Trier that YouTube is not blocked for students and that they can make use of this fabulous resource more fully.