Not exactly what I'm looking for in an online file storage company. I realize they've never outright said "we're 100% secure end to end" but they've indicated in the past that they have no interest in looking at their users' files. Now they are showing interest. Count me out.
No, that was never true. In particular, that would break Dropbox's model for deduplication, as well as their web clients, and various other things. If you're looking for an end-to-end encrypted solution, Dropbox was never it.
And it's not just Dropbox that can see those files but also Amazon as Dropbox is doing the encoding of the videos on AWS.
If you want security, encrypt on your own or decide if you trust SpiderOak.
If you want more privacy you can try http://www.nimbusvid.com which uses mega.co.nz plays encrypted video in the browser. Content is never sent to nimbusvid.com so you can watch your videos in privacy.