Google and YouTube are the most loved site and no one can replace them for the next 10 years atleast.
YouTube started from a small venture to become one of the best site that provides video. There wasnt much option when it came to watching video so YouTube further gained a lot of importance. But in todays world if any other video streaming site wants to overtake YouTube it would need to put in some serious strides which seems almost impossible.
YouTube is for everyone and its not like only YouTube makers are benefiting but its the general audience as well. You can create your account and after uploading good genuine videos you would starting earning via ads if you have good amount of views.
People who dont think that way could obviously explore YouTube and view videos of their liking.
Recently YouTube has added feature where in users can directly switch to music tab where in they can enjoy music of their choice. Majority of the time I browse YouTube for music and this feature serves the purpose.
Descent enough monitoring is done on the uploaded videos. They need to monitor comments closely maybe but its almost next to impossible task.
A world class site in terms of UI and the ease of use as well as the load time is good.
As you can find almost everything on google you can find almost everything on YouTube related to videos.
At times ads get too much on nerves especially the one which cannot be skipped.
Relevant options come up once you watch a video and you can spend hours on this site.
The buffering is vey good and it runs well in 256kbps plan as well.
Final verdict: Google and YouTube are the two best things available in Internet space.