There is a new beta service from Google called
Google Video which indexes information about TV programs. From what I see it functions pretty much like TV Guide does. It gives information about the show, what's in it, a screen capture and a snippet of the hearing impaired text. For a long time video was seen as something hard to index, but they must be indexing according to closed captioning. It sounds like a good idea, but is not complete by any means and I think it will be some time before it is.
Hopefully, other kinds of video will be indexed and not just television. I suppose a small video produced by an amateur will have to be submitted with certain text parameters. Maybe that will open up a whole new world of search marketing, a service for getting video listed well like any other web page. But for now Google is not accepting home video, and thank goodness for that! I could imagine that home video would take over and it might be like blogging has become today.
Real thinking about web marketing, RealWebMarketing.com