YouTube for podcasts?

A modest proposal: I'd like to see a podcasting site that works like YouTube. Users would create their shows and upload them to a central site. Alongside each podcast would be a snippet of code that other users could copy to embed in their blogs. Embedding is key -- I hate it when I have to launch RealPlayer, etc. to listen. Perhaps there is such a service out there. I haven't seen one.

Now that I think of it, this would be a killer app for public radio. Collect all NPR/APM/PRI and regional/local material on one site, then give bloggers the opportunity to embed the stories in their blogs. The public radio system is certainly offering lots of podcasts, but you can't really share them. Bloggers can link to a program or story site, sure, but then users have to launch RealPlayer or some other program (yuck) to listen. I'm sure there are lots of legal and financial hurdles, but I'll leave that for others to think about at the moment.

Thoughts?

UPDATE: Commenter Ben Tesch points out that Odeo has embeddable podcasts. I feel a little sheepish, but hey, this shows the power of collective intelligence. I'm a little perplexed as to why embedded podcasts have not caught on. Theories?

Here is an embedded NPR podcast via Odeo:

Is this ODEO? If not, what's the difference?

By golly, you're right. I tried to embed an Odeo podcast here on wavLength, but the audio played automatically when the page was loaded. Yuck. There's a setting to disable that, but it didn't work for me.

I think Odeo's growth proves that this market is still waiting for a winner. YouTube wasn't the first video site, but they came up with the magic formula. For podcasting, I think the magic formula could include an automatic transcription service.

BTW, congrats on the new blog. Great start.

Ed - Agreed, an automatic transcription service would be great.