So after I posted my problem here i went over to apple.com to check out the trouble shooting suggestions and their forums. I was very frustrated as any video be it YouTube, netflix, abc player, would only run for about 3-5 minutes before causing my iPad to completely freeze up requiring me to reset it. The rest took much longer than it normal would to turn the iPad on. Anyways, so I was surprised to find a thread on apple.com over 13 pages long with people reporting the exact same problem. The only apparent fix was to return it because it is a hardware issue. The last thing i wanted to do was drive down to the apple store and try and get a replacement. However, I demonstrated my iPad freezing for the apple rep and he stated, "this isn't a wide spread problem but Some have been affected and it is a hardware issue" and he quickly swapped mine out for a new one. I have since left my iPad playing video via Netflix and abc player for over 5 hours and have had zero freezes. So take home message, if you are experiencing the same problem I would try and get a replacement as it is a hardware issue and not something a software update can amend.