No mention -Ray.
Downloaded the Youtube and Opera .CAB, tested and it works PERFECTLY FINE!
Thanks Very much for the speedy work! ^__^
edit:btw why does my Opera open youtube vids in streaming player unlike the one shown in the screenshot in 1st post?
Btw, by default in Opera settings Advanced "Identify as" option selected to "Handheld device" so everytime you visit YouTube website it will open up m.youtube.com, the Mobile YouTube webpage instead of the normal www.youtube.com.
In order for Opera to open normal YouTube web page, you'll need to set "Identify as" to "Desktop computer".
Alternately, you can click the "Desktop" link button at the bottom of Mobile YouTube webpage to switch to www YouTube web page.