Your better off not waiting until this feature is released, to begin your project. That is like waiting for the Movie to be made, before you hire your Actors.

Since the admins are not really that active and we do not currently know what work is being done on the next release or when it will be released, your better off A) Starting anyway and working on other aspects - B) Hiring an independent programmer on GetAFreelancer.com to program the code in for you - C) Switching to another Video Hosting Script

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Good luck,