> We may then reinstate the material in question at our discretion.
So it's a toss-up if they're actually going to do something but they will reveal your information to the party that claimed infringement. That seems to be a pretty lousy deal.
It is an offense for a party to DMCA takedown content they do not own the rights to. This is assuming it was a DMCA takedown and not YouTube's internal system which doesn't have the same protections the DMCA provides.
Not that it makes it necessarily feasible, but at least there is an option.
http://www.youtube.com/t/copyright_counter
The final line reads:
> We may then reinstate the material in question at our discretion.
So it's a toss-up if they're actually going to do something but they will reveal your information to the party that claimed infringement. That seems to be a pretty lousy deal.