Great news for someone like me, who relies on youtube for most of his video content. The reasons for carrying a laptop to univ keep getting fewer by the day :D.
The press release:

Co-operation with YouTube allows users to enjoy YouTube(TM) videos on the go via Nokia Nseries devices

3GSM World Congress 2007, Barcelona, Spain/Espoo, Finland - Nokia today announced a new mobile internet video experience which enables enhanced internet video consumption by bringing YouTube videos into the hands of Nokia Nseries multimedia computer owners.  YouTube videos are accessible with Nokia Web Browser with Mini Map through the new YouTube mobile site to be launched shortly.  Also, YouTube video RSS feeds can now be consumed through the new Nokia Video Center application.

“We are thrilled to be giving users easy access to entertaining YouTube videos anytime and anywhere. By partnering with an industry leader like Nokia, we’re able to bring YouTube videos to mobile phone users worldwide,” said Steve Chen, Co-Founder and Chief Technology Officer for YouTube.

“We are extremely excited to be able to announce YouTube as one of our first global partners in bringing internet videos easily to our Nokia Nseries owners,” said Harri Männistö, Director, Multimedia, Nokia. “The addition of the enhanced internet video experience is a logical continuation of the wide range of internet experiences available on Nokia Nseries multimedia computers covering already for example photo and video uploading and sharing, music discovery as well as search and navigation.”

Nokia Web Browser with Mini Map

The Nokia Web Browser with Mini Map enables mobile discovery of videos in websites such as the YouTube Mobile site in a similar way as with PC web browsers. With YouTube Mobile now also compatible with the AVC video format which is the most common format supported in mobile devices, the single-click playback of videos is also possible in the same intuitive way as with PC web browsers. The Nokia Web Browser with Mini Map and AVC video playback are standard features in all the latest Nokia Nseries multimedia computers.

Nokia Video Center

The new Nokia Video Center offers a comprehensive and user friendly mobile video RSS feed and video on demand consumption experience with an easy-to-use interface for discovering, viewing and storing one’s favorite content on the Nokia Nseries multimedia computer. It combines branded video RSS feed services, internet videos and sideloaded videos from the PC into one single place such as the Nokia N95 and the recently announced Nokia N93i.

“Our cooperation with YouTube paves the way for continued growth for internet based content distribution. Enabling people to have access to a wide range of videos on their connected multimedia computers offers great potential for this area,” said Torsti Tenhunen, Director, Multimedia, Nokia. “Also, Nokia Video Center offers content producers and distributors a unique way to lead consumers directly to dynamic video services which can easily be produced and tailored for various interests.“

Nokia Video Center will be available globally in the markets where Nokia Nseries devices are sold. It will first be preinstalled in the Nokia N95 device and thereafter in most of the new Nokia Nseries devices. Nokia Video Center will also be available as download version for selected compatible S60 devices.

I have highlighted the key points of the press release.

Link to press release

Symbian-freak has uploaded a video showing the Nokia Video Center in action on his proto N95:

[youtube]u5foQsiz828&eurl[/youtube]

Link to video

VIA: Ring Nokia, Symbian-Freak

Preview prototypes of the Nokia N95 are already in circulation. Lucky testers such as Darla Mack, Rafe Blanford from AllAboutSymbian and my friend Delon a.k.a. angel_wing0 from HowardForums have received their prototype N95s.

Being the awesome people that they are , they are trying their best to answer all of our questions

Here are a few resources to get you started:

• Delon’s first impressions and Q/A thread on the N95
• AllAboutSymbian answers some popular N95 questions

Its a pity that this phone will not support U.S. 3G.

Register at the Nokia Software Market before January 31st and win a Nokia N95.

Click here to register

To be entered into the draw without registering, send a postcard with your details to:

Symmetria Software Ltd
PL 78
33101 Tampere
Finland

Best of Luck!
VIA: [S60 Blog]

The Nokialist has posted a review of a pre-production Nokia N95. As posted on the blog, the initial review covers the general phone design, features and functionality of the phone. Detailed reviews on the camera and the S60 3rd edition Feature Pack 1 are to follow.

Read the review here.