While the competition is stiff (and all but dominated by YouTube) in the online video sharing space, Vimeo is still finding a reason to celebrate. Last week, the site announced that it had surpassed one million video uploads, and potentially more amazing was that a full 10% of those were of the HD variety. According to it, that figure makes it the "largest repository of high-definition video anywhere in the world," though we'd be interested in seeing just how far behind Viddyou is. Also of note, IAC chief Barry Diller stated in a recent interview that it didn't see anything particularly huge in Vimeo's future, though it did plan to "keep tending it and letting it grow." So, is one (or more) of your videos one (or more) of those 100,000 referenced here? Or are you rushing to Google "Vimeo" in an effort to find out what this service even is?

[Via NewTeeVee]

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Vimeo now hosting one million videos, 10% in HD