High-quality YouTube videos coming soon

From C|Net:

YouTube co-founder Steve Chen, speaking at the NewTeeVee Live conference today, confirmed that high-quality YouTube video streams are coming soon. Although YouTube's goal, he said, is to make the site's vast library of content available to everyone, and that requires a fairly low-bitrate stream, the service is testing a player that detects the speed of the viewer's Net connection and serves up higher-quality video if viewers want it.