im a noobie :(
so is this easy to do please ;-
What you are wanting to do can probably be done. From vBulletin, considering that it does not have an encrypted source, you can modify vBulletin to also register the person in vShare. People could then link to their profiles that they have in your vShare site, which would list any videos that they have uploaded. People can rate the videos on vShare and, in turn, can give reputation points in vBulletin for that particular user.

also can i add my own themes, and skins ( style sheets ) to make it look how i want???

wen will the open source be ready to go please???
is it long in the waiting for the release