Yes he is (on youtube)

Many predicted that President Obama would have to ditch his weekly youtube addresses in order to comply with White House privacy rules.  Thankfully, he and his staff had the foresight to quickly changed their policies to allow uninterrupted youtube addresses.

His first address promises a variety of forthcoming programs designed to stimulate our economy.  

I'm particularly happy about this part of his address:

I know that some are skeptical about the size and scale of this recovery plan. I understand that skepticism, which is why this recovery plan must and will include unprecedented measures that will allow the American people to hold my Administration accountable for these results. We won’t just throw money at our problems - we’ll invest in what works. Instead of politicians doling out money behind a veil of secrecy, decisions about where we invest will be made public, and informed by independent experts whenever possible. We’ll launch an unprecedented effort to root out waste, inefficiency, and unnecessary spending in our government, and every American will be able to see how and where we spend taxpayer dollars by going to a new website called recovery.gov.