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Sorry, but again you are missing the point, heading down a dead end of logic.
It doesn't matter if you have a million employees per video. You cannot compare what you are suggesting to youtube or geocities, because your model is entirely different.
Where do you make your money? Your money is made when people take the embedding code and put the video on another site, not because they will be showing the video (unimportant small amount of bandwidth) but rather because there will be an advertisement embedded along with it.
So if you think that your "featureless script" is just a free hosting tool, well, more power to you. I am sure that you would take a skim of the traffic in return for your programming skills, right?
Enjoy. You made your mind up a long time ago, and I am sure you will have no problems with this project, because AFF and Adbrite will always be there as sponsors for this sort of thing.
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