Well, the video tags where just built on the Custom UBBCode feature; where it could be improved by creating a video tag option which does processing just for video tags, the Custom UBBCode feature itself was built (by me) to allow users to be able to add new UBBCode without having to hack files directly (like they did in the past).
I think building the video tag into the stock software (outside of the Custom UBBCode feature) would be useful for cases such as this.
