I'd like to do this too - most of us will get videos from Youtube initially, and seeing they actively encourage you to embed their videos on your site, why not just build it in simply to vShare?

This would help enormously to us smallfry who don't want to be hit by monstrous hosting costs.

I think I've read every post in here, and it's being worked on - is that correct? Any estimates on when it might be available?