If you're currently using v1.0, we encourage you to download the latest release and upgrade your deployment. Please read detailed release notes and documentation on the new features as well.
We've seen YouTube Direct used in many interesting applications so far and we hope that this new release will enable more creative and engaging campaign around videos through your sites. If you have feedback on YouTube Direct, please visit our YouTube APIs Developer Forum and drop us a line. To receive announcements in the future, please subscribe to the YouTube API Annoucement list.
Amanda Surya, YouTube API Team