The monetization system on youtube is in what could only be described as total meltdown. I'm not exaggerating (I really don't want youtube to fail) but if you look at their official forum there are a ton of channels who have been waiting SIX months for monetization having achieved the minimum requirements. I can't really believe anybody is going to voluntarily work for youtube for nothing for six months except those who just aren't interested in money (in which case good luck to them), the new supply of youtubers is just going to dry up as people recognize this.

Btw Great article, great vid, really sums up the whole situation.