New Ajax Youtube Video Converter (MP3, MP4, MPEG, AVI, MOV)

Youtube.com, being the 3rd most visited website in the WORLD, is not only a great place to watch & share videos, but is also a huge source of revenue. Think about it. What is the first thing that comes to mind when you find a great video on Youtube, that you'd like to watch more than once? Save it for later! This script is designed to automatically covert your videos into formats compatible with your PC/Mac/Ipod. You may also download videos as MP3 audio files. All this is handled on-the-spot using Ajax. Let's see, a website giving away MySpace layouts made 17-year old Ashley Qualls over 1 million dollars. How much can a website that lets you download youtube videos make you? Not only is this market virtually untapped, it's HUGE. Youtube, averaging tens of millions of unique visits every month, is ranked number 3 in the world as far as traffic goes. With such a market and a niche that targets literally all Youtube users, this is an ingenious way to start something big.