No, in case you are mistaken. It is not hosting the fan sub videos, the ideal remains unchanged, however - fans are encouraged to submit their dialogue translations to them for their softsub feature. Currently, some of the existing titles including Yume Tsukai, Riezelmine contains such fan subbed dialogues. As of now, Crunchyroll will be moving towards to purge user uploaded content.

It’s 2009 now and it was announced previously that Crunchyroll (CR) will be dropping all user-uploaded videos and will only upload those that are authorized. Indeed, Crunchyroll have came through epic times and tides against various obstacles. Its popularity is undeniable, particularly one of the main reasons before was the vast amount of user uploaded videos that ranges from animes, trailers to asian movies and dramas.

Crunchyroll, a media sharing website has announced that it will stream Gonzo’s Tower of Druaga: Sword of Uruk for free, Crunchyroll Anime Membership benefits include higher quality streams of all shows (in some cases at 720p High Definition Video) with no advertisement and early access to simulcast shows.

Source: CR forums
You can now get the Anime Membership without paying money by taking surveys or signing up for things. Once the survey is completed, you complete the offers and you earn CR Bucks, which …

According to the original source of news by Akibanana, Naruto’s library of past episodes and new episodes will be available on Crunchyroll about one hour after their Japanese broadcast from January 8, 2009.