If you haven't looked at
Google Video yet, you may not want to bother.
If this offering is supposed to compete with Apple iTunes and those videos, Google is way way off the mark. The videos are total crap, just take a look at this
preview of a Star Trek: Deep Space Nine episode. It's some of the worst video I have ever seen on a computer, there is no way I am buying a video after seeing this preview.
iTunes videos may not be HD resolution, but they are crystal clear for the size they are, and if you scale them to the size of the Google preview video, they absolutely destroy Google Videos in quality.
I am not going to even go into other issues with this, Google lost me at the preview.