YouTube, known for providing short internet-videos, wants to provide HD-videos as well and experiments internally with a 720p display-mode in the background.
This display-mode is already useable.
Because it's an internal test-run, there is no official option at concerning videos, but instead you can add a &fmt=22 suffix to the internet addresse of these videos, and these videos have to be uploaded in higher resolution of course.
For a long time there has been limits to the displayed video-resolution and duration of videos, so most of YouTube's videos are made according to these limits. So you can find a video named "Where the Hell is Matt? (2008)" in SD (and this is rather in low-def) and you can switch to the HD-version by adding the suffix .
YouTube confirmed a market entry in providing HD-videos to the Austrian "Der Standard", but they didn't release a fixed date for it.
YouTube always expanded their service and technologies, so displaying subtitles (which has been possible in YouTubes mother company Google and their Google Video portal) and a theatermode with widescreen support were made available, but they stuck to progress in video- and image-quality. Other portales, like Vimeo, benefited from this and expanded in this area.
YouTubes only follows this trend now and this could be connected to YouTubes plan in also providing real movies and television series.
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