YouTube on released a new Web-based application called CaptionTube that lets users add text captions to their videos.
The video service has had support for captioning in its videos since August of last year, but until now, you've been stuck having to do it with time codes and captions uploaded as a separate .sub file. This new system, which will be a part of YouTube's TestTube labs section, lets you add captions right in your browser using a time line-based system that looks and feels like a video editor. More at; http://news.cnet.com/8301-17939_109-10221213-2.html?tag=mncol