Julia, I have to agree with Jim Dorey's comment -- we're going to see a groundswell of new low-budget Indie productions -- which the majors with try to emulate (both creativity and business model).
Also, your point about "videos of sleeping cats and skateboarding bulldogs" simply isn't the real focal point for the current fragmentation of the online video marketplace. Prosumer and lower-cost professional production models will further fragment the traditional market, and the results will be sweeping. IMHO, the rapidly evolving long-form prosumer video segment is the one to watch.
Nine Media Predictions for 2009 [View article]
Also, your point about "videos of sleeping cats and skateboarding bulldogs" simply isn't the real focal point for the current fragmentation of the online video marketplace. Prosumer and lower-cost professional production models will further fragment the traditional market, and the results will be sweeping. IMHO, the rapidly evolving long-form prosumer video segment is the one to watch.