Most youtube videos and movie trailers are now available in HD 720p & Full HD 1080p format, which you can download and save to PC for offline viewing.
YouTube HD Transfer is a small freeware utility that allows you to download videos from YouTube in various formats and qualities, like low/high quality FLV, High Definition MP4 (720p) and even Full High Definition MP4 (1080p).

To download, Simply paste the YouTube video url from your browser into YouTube HD Transfer, select the desired video quality and click the Download button. It has the ability to download Multiple videos at once.
It also includes a search function to find your favorite YouTube videos and a preview option to watch the videos before downloading them.
You can also use Youtube Downloader HD which now supports Full HD videos.
Update – YouTube HD Transfer is now discontinued. Please use YouTube Downloader HD instead which works like a charm.
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very useful post.Its my first visit.I Like your site.
Some very useful and new information on this site.
Well, I think, instead of giving the changes as an update, webstrickz should remove the whole post and that will be better.