You Tube is a fantastic media, uploadable in multiformats, and accessable worldwide, linkable, embeddable, downloadable, no need to send huge file formats via email. And the site stores the vids, no need for saving to disc!
Brilliant - I'd encourage it!!!
You could put together a professional presentation for sponsorship proposal, or just get your racing out there to your fans!
The other thing is if Teams, or Racers had facebook "fan" pages, detailing history, what's current, links to you tubes, links to news articles, websites.. and photo's...you can create a fanbase utilising Youtube.
You can create events, invite fans, or link to events, say for instance VMCC winter rounds, "have a go days" and spread it through the networks..
Without the cost of websites.
Freestuff!!!!!!
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