Eye-Fi announced today that it has developed a way for users to wirelessly upload videos from their digital camera to YouTube and their home computer. Eye-Fi’s current product (review) automatically uploads digital photos to the user’s computer or compatible photo sharing sites.  According to the company, the point-and-shoot camera is now the most commonly used device for capturing memories on video.

“Some of the most popular clips on YouTube are shot on digital cameras, rather than video camcorders,” said Ziv Gillat, vice president of business development for Eye-Fi. “Eye-Fi will give people the power to upload videos automatically, making it even easier for the YouTube community to post their life events, home videos and breaking news – virtually as they happen.”

Eye-Fi is designing for HD to support new cameras like the Nikon D90 and YouTube’s HD capability.  They will demo the product at CES this Saturday in Las Vegas.