i think they know exactly how valuable the content is for them but as long people give their good content for free they feel right in their decisions.. but times are changing.. also Youtube will look for other solutions. That's the beauty of competition in the market.
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but if a mistake is being done by them which in most of the cases they do is suspend the channel without any prior notice.. this is the major loophole i feel in the youtube system i wish some competitor competes with youtube in order to get best ...
also if a channel is suspended i dont feel they have a proper system to reply and review the channel on an emergency
the creator has to wait for the next youtube reply which is completly unexpected @onetin84