“It’s like a photo, but it moves!”
Flickr, the popular service for sharing photos, has now added video capabilities to the site. The video uploads aren’t intended to replace or duplicate YouTube – the length is limited to 90 seconds – but as a way to augment user image collections with short videos taken with their digital camera. For example, users might have a photo set devoted to an event and the video would give a short interview or footage that gives a flavor of what the event was like. Videos can also be embedded in web pages or blog posts, similar to YouTube content.
Sample videos from the Flickr beta group
Article at techcrunch on differences between FlickrVideo and YouTube
Blog post with thoughts about the service