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I run wanktube will.
Many peoples definitions of *legal* range from legit content to only having 10 sec clips. We try to stay on top of stolen content, and do limit clip size a fair bit ... plus also try to keep it webmaster friendly with link spots. Not up to the traffic level of the big 6, but getting some good traffic none the less (plus 30k google hits a day).
Not sure if wt fits into what you had planned.
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