AOL has just announced it is closing its user generated video business by December 18 2008. Users must move their videos by that date, at which time they will be deleted. AOL recommends users transfer their videos to MotionBox (free). MotionBox traffic peaked at about 225,000 unique users in Oct 07 according to Compete, down to 50,000 in Oct 08. Hopefully, it will gain some traction from the AOL endorsement. This area is just dominated by YouTube. The closure does not affect AOL Video. AOL recently shut down more of its services including XDrive, AOL Photos, and MyMobile. Via