WTF? Why are these new owners constantly messing with what worked?
Last thing to get screwed: embedding YouTube videos doesn't work anymore.
Is there a new procedure that I don't know about?
It used to be that you'd have the word YouTube wrapped in square brackets, the video ID, then a closing YouTube tag.
Now doing that you just get blank space.
You're left just slapping the link to the video in the post, and hoping that the readers will bother to click on it.

EDIT: No sooner do I post this thread that I make another post where I just "slap the link to the video in the post", submit and voila, it showed up.
Wow, OK.
Thanks for letting us know about the change guys.