Was my first (and unfortunately last) scenario yesterday. Took soo gdamn long to encode it and make all 8 clips 1 video. Youtube only allows 10 minutes, break failed after upload, and google video says if its over 100mb to use their uploader, which failed at first attempt but worked this morning. Hooray.
The quality went down hill after uploading to google imo. Yet another reason to get my own host.