Originally developed for high-end forensics use (think CIA), MotionDSP's "vReveal" desktop software was unveiled at the 2009 Consumer Electronics Show in Las Vegas, and should be available next month.
Apple announced at the recent Macworld Expo that its iMovie '09 version of its ubiquitous movie-editing software will have some form of automatic video stabilization to clear up shakes. Additionally, Adobe and Sony offer editing software that includes video-enhancing features for under $100.
All this should help make YouTube become more watchable, at least in terms of viewing quality if not content quality. But it should also be a boon for videojournalists who can't afford to invest in expensive video-editing software, as even vReveal comes with conventional tools that enable you to edit and stitch clips together, and it works with the Windows XP and Vista operating systems.
Smooth sailing ahead!