There really isn't much that needs to be said about this video; it's simply spell binding. It is 40 minutes of the most spectacular space shuttle launch video you're ever likely to see in one sitting.
The piece is called Ascent - Commemorating Shuttle. NASA engineer Matt Melis put the video together and also narrates the footage.
This is the description attached to the video on YouTube:
"Photographic documentation of a Space Shuttle launch plays a critical role in the engineering analysis and evaluation process that takes place during each and every mission. Motion and Still images enable Shuttle engineers to visually identify off-nominal events and conditions requiring corrective action to ensure mission safety and success. This imagery also provides highly inspirational and educational insight to those outside the NASA family."
"This compilation of film and video presents the best of the best ground-based Shuttle motion imagery from STS-114, STS-117, and STS-124 missions. Rendered in the highest definition possible, this production is a tribute to the dozens of men and women of the Shuttle imaging team and the 30yrs of achievement of the Space Shuttle Program."
"The video was produced by Matt Melis at the Glenn Research Center."