Just in case you didn't know, Flickr now allows video upload for "pro" accounts.
At this point, running time is limited to 90 seconds. Hopefully, if they want to be a full media site, they will up the time limit, because 90 seconds, well, that is not very long. To be honest, I'm losing my love of flickr quickly anyhow. "Pro" does not really mean pro - it just means that you pay to have more storage a few richer features (video, more collections, stats, etc.)
I'm thinking maybe I will keep my flickr account but downgrade it to the free account, and then switch over to smugmug or something else, where I can actually sell photos. I'd also love a place to host both my videos and photos, a flickr + youtube place. Yeah, I have my domain to do that, but I'd like to use a social networking site for that stuff, too.
flickr tos (what not to do):
and what comes with the flickr pro account: