First off, the title to this story is a bit misleading. Video IM has been around for a long time. This is significant because it's mobile video IM. Second, who is actually going to use this? All it is is an automated way to host video content sent via MMS, something that is pretty trivial to do yourself anyway. How many people really want to record themselves on their cell phone and pay to send it to Veeker so they can... Call someone and tell them the URL to visit to see it? If I want to send video to someone, I can already MMS it to them directly. If I want to update the world on my status, there are ways to update various types of blogs via MMS as well. If I really, really need to be able to upload my little clips of cell phone video to an HTTP server, I'll use my own and write a script to do it for free.