YouTube launches online video editing tools
YouTube Remixer lets you add text, graphics, or audio to your videos. You can also create transitions between scenes in your video.
The feature looks a lot like Photobucket's "Remix" feature, which shouldn't be surprising since they share more than a name. Both are powered by Adobe Premiere Express. If you need a serious editing tool, look elsewhere (and don't really expect to find any satisfactory online solution), but for a quick nip and tuck, YouTube Remixer is a nice addition to the online video site.