Welp, that didn't take too long. Around 1.5 years after it was first announced, Google has decided to "shut down its premium video service." Nevertheless, the most intriguing aspect of the whole shebang is that customers who purchased DRM-laden files will reportedly no longer be able to view them once the Video Store closes up shop, and rather than refunding customers with, you know, real money, it sounds like Google plans to offer "fixed credit on the firm's online payment system, Google Checkout, instead." Interestingly, another report noted that the search giant would "provide refunds or online shopping vouchers for previously purchased videos that won't be viewable," so it looks like the final verdict remains to be seen.
[Via BBC, thanks Steffen]