What's the deal with Gamevideos.com?

Ziff Davis has a new addition planned for the 1up network called Gamevideos.com. Right now the site just gives a username/password prompt and nothing else, but it has been advertised for months in Electronic Gaming Monthly. So what's the hold up?
The ad in this month's EGM promises "Exclusive video game shows. From weekly news updates to in-depth roundtables, interviews and features on the hottest titles." That, plus game trailers, speed runs and retro game ads add up to a You Tube just for gamers. Pretty cool.
Normally I wouldn't be so anxious for a new website, but this is from the creators of The 1up Show. Which is easily the best game videocast out there. Heck, it's probably the best videocast period. If they can keep the same level of quality across multiple shows, well, that would be awesome.