Ouch! And I was on my way to use Youtube as the only video sharing too. Duh! What was I thinking?
Maybe now is the time to start hosting your own videos.
Learn More : Longer videos – YouTube Help.
“You can no longer upload videos longer than ten minutes regardless of what type of account you have. Users who had previously been allowed to upload longer content still retain this ability, so you may occasionally see videos that are longer than ten minutes.”