I can't seem to contact the poster of the announcement, nor to get hold of someone, so I'll just post on here.

The no strings attached is a false.

Putfile's T&Cs state that any content uploaded to them becomes their property and they can do with it as they will.

So if you're happy to sign away the rights to videos that you've created, then by all means use their service, but I'm still on the lookout. video.google.com is a good free alternative that suits the needs of most people. The only downside is that they have to manually convert all videos to flash which means that there is a big delay before the videos show up online.

Here is condition 6 of their terms:

6) By uploading an image, video or other file to Putfile.com, users give permission for the owners of Putfile to publish any such files through any associated media channel or party. Users upload files to Putfile on condition that they release all rights to the image, and give full permission to Putfile and its associates to use and publish the image in any way they wish. No compensation will be payable for the uploaded file being used in any such way.