It actually is an m4a file and is downloaded as such. But does not play in Musicbee but plays in windows media player.
.A good description is found here http://kwizzu.com/construct.html
"A while back YouTube started to use DASH format (Dynamic Adaptive Streaming over HTTP) for 1080p and 480p videos. DASH is an adaptive bitrate streaming technology where a multimedia file is partitioned into one or more segments and delivered to a client using HTTP. Now instead of single multimedia file, there are at least 2 separate files: one with the audio line, the other — video. "
"The audio file has the mime-type: "audio/mp4" and therefore should have the file extension: "m4a" or "mp4" "