YouTube-Global commented the following on there blog site:
As resolution of consumer cameras increases, we want to make sure YouTube is the best home on the web to showcase your content. For viewers with big monitors and a fast computer, try switching to 1080p to get the most out of the fullscreen experience.
So this mean, you can now show off your 1080p HD videos if you camera supports it. For those of you who already have uploaded 1080p videos, YouTube is in the process to re-encode them.
Take a look at the screenshots in this video to see just how large is 1080p.
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