Om Malik posted a great conversation starter entitled Attack of the You Tube Clones, talking about all the video sites that are out there now from the "majors".

AOL just announced Uncut Video, their own version of online video sharing ala You Tube. (Read Mashable’s take on it.) Niall Kennedy says that Yahoo is working on something similar as well, and said so in its analyst day meeting with the financial analysts. Niall says that “The new video site includes videos from around the web and a few from Yahoo! users as well.”

With Google Video and MySpace Video already up and running, I wonder what are the exits for companies like You Tube and other such services? Will someone buy YouTube for its traffic? What are your thoughts on this?

The bits of setting up a video sharing service are fairly simple. Or at least, the Web 2.0 tech platform for running a community website. Of course the Drupal framework can be used as one example (this story about Bryght in the Saskatoon Star Phoenix apparently quotes Roland as saying we'll build a clone of MySpace for $100K), but Ruby on Rails or any other decent web framework can be used to easily build web applications/community sites.