Apparently YouTube is on the verge of making a big announcement since there seems to have been an announcement about the announcement (nice way to get double the press). And search engine Mahalo has already created a page dedicated to news on “YouTube High Quality” with a video (embedded below) showing an example of how it would work. All I can say is finally! Here’s hoping that’s the big announcement. I love YouTube, but man, can you think of a place online to watch lower quality video?
*Update* Here’s a screenshot of the YouTube video with the high quality option. (Look right under the video for the new link that says “Watch this video in higher quality.”)
*Update 2* YouTube made its big announcement here, and it has to do more with developers.