Google purchases YouTube for $1.65 Billion

The rumors proved to be true and Google has acquired YouTube for a whole lotta money. This is great news for users of the popular video sharing site as Google is probably one of the few companies who could afford YouTube's bandwidth bill, rumored to be around $1 million a month. Google's acquisition means that YouTube will be spared the intrusive advertising that was sure to come.
One thing that that bothers me about the deal is that YouTube will continue to operate independently. I actually prefer Google Video and would love for YouTube to inherit some of its features - namely the larger player and iPod downloads. It would also be great if YouTube could drop the 10 minute time limit as Google Video has never had such a limit. Pairing Google's interface with YouTube's vast content would be a win-win for everyone.