Edit: While I located this independently, it seems I got scooped by freerepublic, so here's a link to their post.
Update by ZH#2 (Note: I am crediting ZP#5)
Mr. Strangelove, BSc, MA: Bill Roggio is credited for breaking this story. See Jawa Report: "Qari Hussain Mehsud from Tehreek e Taliban Pakistan accepts the recent Attack on Times Square" Do not, I repeat do not pwn these YouTube videos/channels
Good work Zionist Pimp#5!!!!!!!!!!!!
Update III by ZH#2: Video gone, Feds must have the info, I hope, YouTubenever reacts this fast
Update IV by ZH#2: Failed bomber making excuses?
Local NYC Channel Reports: Failed Bomb At Times Square Was A "Diversion" For Massive Explosion(Linked from Drudge)
Thanks to ZP#5