(12-30-07) Important events (of the last week of December)
A lot has happened since the 23rd of December. I will leave out the little details and just focus on one thing. Shinji announced that we are now no longer able to upload or watch licensed material. So all videos that are licensed in the United States either have been removed or will be.
What had happened is as follows. Costs for running the site were rising quickly. This month there was 4 times as much traffic as compared to the previous month, according to alexa.com (as you can see in the link under this paragraph). Shinji estimated this month's bill to be at around $9,000. He later stated that he had somehow got enough money together to pay this off. So there are two reason for why all licensed material has been removed. 1, with less videos, there will be less traffic to the site and 2, he wont have to worry about the site being taken down by some company.
I've locked the following two threads, but you may use them for reference.
Former Crunchyroll Employee