No. You are downsampling a pretty large file from AVCHD to standard definition. That can take a while -- and may not be the most efficient way to go.
Check out John Cloudman's specs for creating a good, high-quality video for YouTube. It's much more effective than trying to load and FLV file directly using Premiere Elements Share/Online tool.
Steve thanks for that. I think in future if I know I'm only going to release it on YouTube then I'll shoot in much lower res. Having said that the one I have uploaded (if you want to see what happens when 24 Basset Hounds get together see http://www.youtube.com/watch?v=NqOHTXXRNPI) plays beautifully full screen at 480p. Which doesn't really answer the question why should Mr Adobe put these massive presets with no chance of amendment? Is this Progress one wonders?
PS I should have mentioned to those who haven't got this far with PE9 that when you first go to Share>upload to YouTube, it pauses to download some code, the latest presets I presume, which may mean that they're trying to stay abreast?
Love the hounds
Insanity is hereditary, you get it from your children