Seeing that the account is from july 2006, I bet that:
Q: VIDEOS LONGER THAN 15 MINUTES ???
A: Anyone who registered a DIRECTORS account in 2006 can upload videos of any length. Anyone who registered later than that, CANT go past the limit!
As of december 2010 YouTube allows selected users to upload more than 15mins - see YT blog for more info!
Taken from the FAQ of: