From a user experience standpoint, my live steam was consistent with little or no interruption of service. I watched it in both medium and high quality and the high quality stream looked great at my meager 200 kbps download speed. There had been a lot of speculation on who Google/YouTube would partner with on the event and on the Mogulus blog Max Haot said, "If I was to speculate, I think that Youtube will use an established and traditional content delivery network (CDN) such as Akamai who can cover the Tokyo event too and build a simple Flash player themselves. Google would pay the CDN premium fees for bandwidth for it. They probably contracted multiple CDNs to ensure scalability and have insurance if one has trouble with the load."
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Ben Homer of Online Video Watch said, "YouTube paid a substantial amount for that, and it proved that they are miles away from launching their own live streaming service. So, despite the rumors we’re back to square one. YouTube got publicity, but they likely lost money on the event overall. In a weak economy there’s little incentive for companies to do these types of events."
Regardless of their ability to monetize the event YouTube proved they could scale to meet the demand and has been successful at branding itself as the premier online video community network.
I just want an invite next time.