This guy is fast.. the same day the service is released, he cracked it.
Johansen, also known as ‘DVD Jon’ for his work on decrypting DVD security codes, has created a patch for the Google Video Viewer—less than 24 hours after the search giant shipped the video playback plug-in, a tool based on the open-source VideoLAN media player.
The patch, released on Johansen’s ‘So Sue Me’ blog, effectively disables a modification Google made to the VideoLAN code to prevent users from playing videos that are not hosted on Google’s servers.
Check out the full news story here.