As someone who works on a video based Microsoft site, you’d think I would have already found this… but I had no idea it was out… description from the site itself:

What it is

A user uploaded video service where you can upload, watch and share videos with people around the world. Here are some of the cool things you can do with Soapbox on MSN Video: **** 1. Easily upload videos in almost any format—like from your video or digital camera 2. Tag and categorize your videos to make it easy for other people to find them 3. Watch original videos and browse for new ones at the same time 4. Set up your own personal RSS feeds for videos you’re interested in

Go to soapbox.msn.com to sign up to use the beta…