The only problem being.....that YOUTUBE is alledgedly at the point of collapse! The bandwidth usage of peoples videos is so grossly in excess of any income generated to pay for the ever increasing bandwidth that the majority of tech market watchers here in California, believe it is only a matter of time before Google introduces some radical changes to the cash blackhole that is YouTube.
There has been a huge uproar from users with regards "copyright" claims, whereby many video's have their sound removed as they might have a music track within the soundtrack , which according to the message the video infringes the rights of WMG copyright (Warner Music Group). However many get this message even for music that is or has never been part of WMG.
This is happening more and more and while you can contest it, most people do not bother and simply remove the video. Some are commenting that this in fact has nothing to do with copyright and more to do with YouTube trying to reduce the sheer volume of videos that are being uploaded.
Either way, it would seem strange to promote the brand further, when they are already struggling with the sheer volume of videos being uploaded. The only possible perk for YouTube would be the ability to take sponsors of the site to races and give them the full F1 treatment...
Google all over the car however, would probably make sense, just as long as we dont have to see any more stupid "Earth" Liveries!
However, as with all large company sponsorship, it comes down to whether a key executive likes the sport or not, For example, Larry Ellison is a huge sailing and yachting fan, hence his sponsorships in that discipline.
There is no doubt Google has the cash... Sergey Brin and Larry Page have a net worth of $18.2 Billion according to Forbes in 2007. They could provide a very interesting"medium" to deliver coverage from F1 races to a potentially HUGE audience. Pay per view with the "Team" for the weekend! Could actually be a very easy investment decision for them....