YouTube added video stabilization tool to new video editor.
And its super easy to use: Upload your video go to video editor and click "Stabilize".
It will take some time to process the video, but who cares... you can keep using your PC !!!, because all the work is done in the "cloud" :) No more After Effects Rendering :)
And YouTube lets you download your video ( if you didn't used any copyrighted music for it )
I think, that as fully automatic process, it do a very good job !
Here you some samples:
It have only one problem "fish-eye" videos from GoPro HD get a funny distortion :)
But it still looks good :)
Comment by Ramon L on October 23, 2011 at 10:20pm The difference is obvious!! thanks for sharing!!
Comment by ThomasB on October 23, 2011 at 11:03pm 
WOW! the good news keep coming today! the GoPro 2 and now cloud computation for Stabilization! yeah!
Comment by Daniel Hibben on October 24, 2011 at 10:07am i have used it on several of my videos already it's a big difference, but you are right about fish eye from go pro it moves funny too but not enough for me to not use it.
i used it on this video if anyone wants to look. http://www.youtube.com/user/drgnfly004#p/u/0/xUBR0ociGvQ
Comment by Diego on November 14, 2011 at 6:45pm HAHAHA thats sweet... i saw that on the tools a while back but never used it...
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