Yet there's a cheaper and simplier, but not as powerful tool that I use for over 5 years: Paint Shop Pro. Version 9 cost me only $20 on Ebay and I still use it a lot. At some point I spent almost $100 for version XI bundled with some other soft at Fry's and didn't like it.
So here it is - a very simple Youtube Repeater logo :)
If you have a different logo in mind - please let me know.