This is reminiscent of Google's (and others, to be fair) build-first, monetise-later approach to products. Features get cut, entire products get slashed and users end up losing their data and time invested.
At least Google had acted partly responsibly by providing ample notice and allowing users to download their data before shutting down Google Reader.
In the case of Justin.tv, I would propose they at least take a measured approach and start by deleting videos that haven't received a single view in over a 6 months then work their way from there.
In 2007, this was THE FUTURE, where UGC was going to be the democratizing content tide that would lift all of our boats. Turns out it all devolved into ad platforms anyway, just like 1997.
At least Google had acted partly responsibly by providing ample notice and allowing users to download their data before shutting down Google Reader.
In the case of Justin.tv, I would propose they at least take a measured approach and start by deleting videos that haven't received a single view in over a 6 months then work their way from there.