The latest version of the official YouTube app.
Keep up with your favorite YouTube channels and access the world’s videos anywhere with the official YouTube app for Android.
This was just updated on September 26, 2012 and now it's out on the market today. If you have issues downloading it from the market, you can surely download it here!
This new version of youtube features new UI or user interface. Although mobile youtube has been having issues on regards to loading time, after downloading this apk i found out that it was a lot faster this time.
You can install this normally as usual but if you recieve an error while installing this or if you want this as a system app, you can use root explorer to install it.
Here are the steps:
Open root explorer and move the downloaded youtube apk to system/app, (Always do backup any version of youtube installed on your phone).
Set permissions to rw r r
What's in this version:
* New UI and Preloading now available on Froyo and Gingerbread devices
* New Watch experience
* Add videos to your YouTube TV queue
* More channels to pick from on the Channel Store