Yahoo! has rolled out an updated version of Yahoo! Video. It's pretty, easy to use, and has a nice mix of user generated video and professional content including music videos, news, and movie trailers. And if it had come out about 3 or 4 years ago it might have had a chance of competing with YouTube.

One new feature that's a bit confusing is the "Networks" submenu. At first we figured that Yahoo! would be hosting full length videos, possibly in partnership with Hulu. But what Yahoo! means by "network" is a group of related videos. So there are networks for music, news, sports, animals, animation, and so on.

An interesting feature is that when one network video ends another will begin. If you're watching news or music videos, this is a nice feature to have. It's sort of like watching the evening news, or watching MTV back when they used to actually show music videos.

[via paidContent]