I think the truth will always be in between, today the mechanism of brining quality video to users, is still in the hands of content providers and traditional broadcasters (satellite, IP, cable), the Internet offers new ways, but I think the combination will be between online aggregators and user aggregation.
There are dvantages for users to see video on sites like Youtube, its the community, sharing, tagging, easy to digest, familiar UI, and no need to download, but Youtube will have same dilemma as broadcasters have today, as they established their business on content they ‘borrow’ from others, and they will want to be the last stop, and to block others from reusing their content or rather the content they offer, to make money.

Its exciting world now and the changes are obvious.