Please don't use the fact that this app is on your iPad to hold the tablet up and record your kid's play, that concert you're at (especially when you're sitting in front of me), or the birth of your child. Honestly, use the iPhone if you must take video. That said, it's pretty cool that the direct capture and upload to YouTube app is now on iPad and iPad mini.
What's New in Version 1.2
New for iPad and iPad mini. Film a video and instantly make it YouTube-ready with background music, auto color correction, and auto stabilization. You can upload your video to YouTube and share to Facebook, Twitter, and Google+ at the same time