In terms of viewership, YouTube wins by far.
In terms of video quality, video edit capability, etc, there are
many who win against YouTube.
For an immediate comparison of video quality on video-hosting
sites, click this link:
http://www.lifegoggles.com/online_video_comparison.html
You can see YouTube's video quality is actually very low. However I
think they are smart in doing that, because that improves the
playability and speed.
Personally, I have used YouTube, it is my favourite for viewership
and browsing.
Meat Pao.