According to ordered YouTube to take down 100,000 videos.
At the time, that looked to me like a negotiating tactic on Viacom's part, a way of exerting pressure in order to get some leverage over YouTube, and perhaps get a better deal - in other words, singing sensations - but the quality and the interface are underwhelming at best. Joost, by contrast, has a slick and intuitive interface and looks good (mostly) even at full-screen. Much more TV like, whereas YouTube is still Web TV.
If Joost can provide compelling content as well as having those other strengths, then GooTube could definitely have a competitor on its hands.
Further reading:
Henry "I used to be a famous Wall Street analyst" Blodget Stan Schroeder. The always insightful Mark Cuban has wrote recently on the topic of online video and monopoly. Meanwhile, Steve Bryant at GoogleWatch has an excellent list of things that Google could do to make YouTube not just look better but
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