Google Video will be shut down in the next few months; don't fear about your sifts however, those will continue to be hosted.

Quote from Google Video Blog

In a few months, we will discontinue support for uploads to Google Video. Don't worry, we're not removing any content hosted on Google Video -- this just means you will no longer be able to upload new content to the service. We've always maintained that Google Video's strength is in the search technology that makes it possible for people to search videos from across the web, regardless of where they may be hosted. And this move will enable us to focus on developing these technologies further to the benefit of searchers worldwide.

So you know... FYI... I guess... I dunno.