This is probably not great news for many YouTube users.

There is no YouTube Filter; It’s AudibleMagic
After months of intense and very public debate, closely tied to the Google acquisition, YouTube is reported to have licensed copyright filtering technology from AudibleMagic. The San Jose Mercury News cites two unnamed sources as saying that Google will soon unveil filtering technology for YouTube from the leading third party filtering provider, Audible Magic.

What does this mean? It means that the months of assurances that YouTube had copyright filtering technology in development and about to be implemented were either a ruse to buy time or a failed effort that has collapsed under pressure today.