Google bought YouTube but how are they going to make money with it? Jen has her post here with her thoughts, honestly, it is a bit long and I didn't read it. But I would assume Google will be embedding a form of video ads, text ads, within the YouTube video content - eventually. Much like how the Google & MTV Networks Streaming Content Pilot worked.
A Search Engine Watch Forums thread asks when this will happen?
SEW Forums moderator Discover "predict within a couple weeks."
To me, I think that is too soon. You have this community, YouTubers, and you need to integrate ads slowly and with courtesy to the community. The last thing you want is for YouTubers to revolt and switch to, um, Google Video. ;-).
So, I predict within 3 - 6 months.
Forum discussion at Search Engine Watch Forums.