YouTube's new closed captioning feature is still in beta (they are still working on it) and it shows. Here are two examples where the captioning fails miserably. When Sandra Bullock accepted her Oscar on Sunday. She never said anything about Florida and t-shirts and it translated "Meryl Streep" into "who knows". See Bullock's entire acceptance speech
here (be sure to turn on the captioning by clicking CC). Another example is this Apple video for the company's new iPad. "A high-res color display" becomes "a high risk going to split."