The news over the weekend was all about Google's YouTube sharing ad dollars with their users, the users who generate the video content. Jennifer Slegg has her Search Engine Land post YouTube to Begin Revenue Sharing for Video Providers.
WebmasterWorld has the largest conversation going on in the forums we track about it. Most are fairly skeptical, thinking people won't earn so much. But some are not so skeptical, if AdSense proved anything, there is money to be made from niche sites, and niche topics.
Video is just an other means of content distribution.
ShoeMoney took a look at what a number one ranked video at Google Video can bring in money wise. Add that to when YouTube starts sharing ad revenue and you can start a whole new industry.
Will it produce a ton of YouTube and Google Video spam? Probably. Splogs for Video, let's coin it "Spideos." I guess that doesn't have the same ring to it.