The new tools were unveiled at the AlwaysOn Hollywood conference on Tuesday. ZDNet mentions the presentation in a blog post, saying it "sounds like another video-focused social networking player and competitor in the ecosystem of YouTubes and MySpaces." Here's the press release, and below are a couple quotes:

“As social media and web based video reaches a broader audience, users will seek simple integrated tools that empower them to develop their own ‘video’ web presence,” said Demand Media co-founder and CEO, Richard Rosenblatt. “With ME.TV every user can ‘stake claim’ to their own piece of Internet real estate and participate in the next evolution of Internet media. Broad based adoption requires simple, powerful, and affordable tools and we believe we have done that with ME.TV."

"For the entertainment industry, I believe content creators of all sorts are now empowered to create their own media hub,” said Carson Daly, host of NBC’s Last Call with Carson Daly, who launched his .TV site, www.carsondaly.tv with the ME.TV tools and joined Richard Rosenblatt on stage during the AlwaysOn keynote. “The sky is the limit. New creativity is discovered every day online using tools and technology that give the power to the people, so there really is no stopping how talent can reach out and connect directly with their audience.”