According to Wikipedia, MegaVideo wants to replace YouTube as THE place to get video online. However, it restricts how much video you can view before having to wait an hour if you’re not a paying member. And it does this based on people’s IP addresses, not by putting a cookie on your computer or even by tracking non-paying members separately.
If you’re creating a situation where people on a shared network using one IP address – say, at a school, or at a WiFi cafe – can be cut out through no fault of their own, and end up competing to get the most video out of the IP address’s 72 minutes, you’re going to have a hard time going after YouTube.
Considering how incredibly easy it is to use a proxy, I don’t really think this’ll be much of a problem (at least for determined viewers, not idiots who barely know how to use the internet).
I hate how it always opens up a link to partypoker, but it’s ok otherwise. I like the fact that they don’t have many mods removing illegal content, so I can watch my favorite tv shows and movies on it.