Why the fuck would you only be able to upload videos to Facebook? That kills one of the coolest features for me.
Sounds like it's just not ready. Which is fucking weird considering some PS3 games have it.
Can I share my game videos on YouTube?
No. At launch, PS4 users will be able to use the Share button on the DUALSHOCK 4 controller to upload gameplay videos to their Facebook account, or to stream live gameplay to Ustream or Twitch. PS4 owners can follow PlayStation.Blog and PlayStation.com for further news on other services to come after launch.
You can upload to YouTube as well.
Not at launch you can't.