yes. it is possible now.
not sure if i am late?

our PPC can now goto www.youtube.com, the real full website, and click on the video u wan to see.. and it will start to play immediately..
no other actions required.. (no need download flv file, convert to ppc readable format, put inside your ppc again, etc anymore..)

requirement: install TCPMP and flashvideobundle.cab(some genius work)
Just make sure TCPMP is reinstalled can already.. (as most of us have it.. suppose..)
works on PIE only.. :)

i have tried it myself, it works... so share with u guys

so shiok.. as TCPMP can play straightaway in fullscreen mode.. so when u press the link on your PIE, the video will start in fullsceen~ cool...

forget m.youtube.com (selective videos and downgraded quality..)
Source: treocentral
http://discussion.treocentral.com/showthread.php?t=148801

============
For all you Tube-aholics, this is it! You now have direct, unfettered access to Youtube, Google Video & Veoh, in all their glory. Install the CABs listed below, go directly to these websites, and click on a video to play. That's it

If you follow the instructions exactly and use the preconfigured TCPMP settings, you should be able to play videos smoothly if your network connection is adequate.

Installation instructions:
1) If you already have a version of TCPMP installed, uninstall it now.
2) Install tcpmp.pocketpc.0.72RC1.cab: link here
3) Install FlashVideoBundle.CAB attached below (this MUST be installed in the same location as TCPMP)
4) Soft-reset

Supported sites:
www.youtube.com
video.google.com
www.veoh.com
www.mobetube.com

Caveats:
Requires pocket IE. This plugin will not work with Opera, NetFront, Picsel, etc. However, it is compatible with PiePlus.

Tips:
- Use MobileLeap or Skweezer to compress the content. These video sites use a lot of still video images which are a lot of content to download. I've found the following method works well for me. Goto www.skweezer.net, click settings, turn paging to "Off" and Save. Now try these links from your phone...

Youtube
http://www.skweezer.net/s.aspx?q=www.youtube.com

Google Video
http://www.skweezer.net/s.aspx/-/vid...m/videoranking

Veoh
http://www.skweezer.net/s.aspx/-/www...~html?order=tr

Mobetube
http://www.mobetube.com

- Try XCPU Scalar, it helps.
- If your video is scrambled, change the video driver setting from "Raw Framebuffer" to "DirectDraw."
- Google video is a mess, IMHO. They mix links to Youtube, Google and even AOL and they continue to index lots of videos that have been removed. In addition, the complexity of their javascript/flash code make it a bear to deal with. If you are using it, I'd recommend skipping their main page and going to their "Top 100" page instead.
- Veoh videos tend to be higher quality than youtube, so it requires a fast connection.
- When clicking on a video image or title, be patient rather than repeatedly clicking it. It takes a little time to load up TCPMP, especially the first time.
- The FlashVideoBundle will work with TCPMP .81Beta, however I wouldn't recommend it. At least on my 700wx, I've noticed that playback seems to be much slower, especially with higher quality videos.
- If you want to disable the pocket IE plugin, first exit IE and then run "DisableVL.exe" in your TCPMP install directory. To enable it again, run "EnableVL.exe"

Finally...
I can add support for other sites in the future. I had originally put in support for myspace.com as well, but unfortunately the current FLV codec cannot deal with that video content, it must be a newer version.

Special thanks go out to Fabio for making the streaming mods to the FLV plugin. If you need a good video search site that is mobile-friendly, please visit his site, www.mobytube.net

Cheers!

Z.