It is just being paranoid by Viddy & Socialcam funding.
Both the apps (and Dailymotion) are deeply integrated with the FB timeline and hence getting a lot of views because of it.
People will laugh if they integrated Youtube with FB timeline. So, I think it was in their best interest to integrate it with Google+.
So, either Google+ wins or Youtube loses. I believe that most likely the latter will come true because of this move.
I think Google should buy social networks like Pinterest, Viddy or Socialcam (and leaving them they way they are) instead of ruining its own products by integrating them with Google+.
Facebook acquired Instagram in spite of it being integrated with Twitter. Google should also play the same game.