Google's YouTube has deployed a significant update to their mobile site, As is typical with Google's web apps, it works well and looks even better. Here's their hit list:

It's really fast. The user interface incorporates larger, more touch-friendly elements, making it easier to access videos on the go. It incorporates the features and functionality you’ve come to expect from the .com site, like search query suggestions, the options to create playlists, the ability to designate “favorite,” “like” or “unlike” videos directly from your device. As we make improvements to, you’ll see them quickly follow on our mobile site, unlike native apps which are not updated as frequently.

Sure, iPhone has a built-in YouTube app but it gets its updates only a few times a year when iOS gets updated. Theoretically, will get updates any time YouTube feels like it, hopefully as fast as the main YouTube site. And hey, who doesn't like options?

Video after the break.