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I would start with 1TB/day minimum. Also from content provider's point of view it's better if the tube site embeds the videos, so the content provider does the hosting. In that way you can alter the video (add trailers of other vids, ads) and you get a lot of info in your stats (number of views, locations). So for that same reason serious tube sites would prefer to do the hosting themselves probably.
I remember buying ad space on some very popular TPG site a very long time ago, it was only a small banner but that site had so many visitors that my server went nuts and after a few hours I had to ask the owner to load the banner from his site. lol
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