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Ever since google acquired YouTube everyone's been wondering what will happen to Google Video since they essentially offer the same services. For the time being the two have soldiered on independently and [according to the Google Blog][1] that will continue, but the focus may change.
YouTube operates separate from the rest of Google and while I'm sure Google helps out, primary development is still in the hands of YouTube co-founders Chad Hurley and Steve Chen.
Google Video on the other hand will apparently be morphing into some sort of video search engine that catalogs content, according to the Google Blog, "irrespective of where it may be hosted."
Essentially it sounds like Google Video might turn into something like Google Image Search. Is Google trying to get back to its search roots?
[1]: http://googleblog.blogspot.com/2007/01/look-ahead-at-google-video-and-youtube.html "A look ahead at Google Video and YouTube"
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