If I'm right, and I think I am, online video isn't profitable in and of itself. But this also makes it an amazing medium for activism, which cares less about making money and more about inciting change. For example, see 9500 Liberty, a documentary on the immigration debate in Manassas, VA. The filmmakers are uploading clips as fast as they can shoot and edit them--eventually, I'm sure, they'll put it together in a completed form. But taking the video to the web, where a large audience is available and accustomed to short chunks of information, makes it possible to both document and influence the situation. That's pretty heady stuff.