YouTube Running Slow...

Anyone else experiencing extremely slow uploads and/or video processing on YouTube? How long is it taking your video to become live? I uploaded a video about 1:00 AM and it's still not live as of 8:30 AM this morning. This was on the YouTube blog:

Monday, June 11, 2007
Videos processing slowly

We're currently experiencing a very high volume of uploads, causing upload times to be significantly longer than usual. This issue should be resolved shortly and all videos that have been uploaded will become live on the site soon. If your video is in the processing stage, you don't need to reupload it. Thanks for your patience!
Posted by Colin @ 2:47 PM