News YouTube's Content Identification Failure Raises Eyebrows

MSNBC is carrying a story looking at YouTube's failure to follow through with a promised 'content identification system' by the end of the year. The article goes on to discuss the possible impact this failure will have on the site's (so far) good relations with television, music, and movie studios. From the article:
"If the delay lasts for more than a week or two into the new year, suggesting more than just a slight technical hitch, 'this is certainly going to be a serious issue', [Mike McGuire, a digital media analyst at Gartner] added. Leading music companies have already made clear they see completion of YouTube's anti-piracy technology as an important step in any closer co-operation. Failure to build adequate systems to protect copyright owners could also add to the risk of legal action against the site."