It would be great to have the YouTube API integrated with Drupal. The requirements would be to let user on our site to directly upload video and PlayVideo on to YouTube from our very own site.
What are the YouTube APIs and Tools?
For more exiting stuff with YouTubeAPI on your own site:
Drupal and YouTubeAPI integration is underway. We need to have PHP 5 to enable the same. Visit http://drupal.org/project/youtube_api