I agree with Josh too that Events is more important than Video. For me Video is just a link that are shared in the Community and ES is already capable of sharing Video links. It just so happened that many of the people anticipating for ES Video are Site Admin who fall in love with ES at first glance
which I don't blame them to be, since I am madly in-love with it now
and they are using JomSocial.
If you think about Video in ES, since StackIdeas is graciously thinking of Customers that are using shared hosting. Video for ES would create another support mess later I guess
why? Because most shared hosting companies does not allow ffmpeg and other video compression software unless you are running VPS or Dedicated Server. But that depends on how StackIdeas is going to design ES Video, if ES Video will only allow Video Link management and all videos should be hosted with external service like YouTube or Vimeo, etc. then I guess it's fine. Hosting local video is not an option for ES running in share hosting in my opinion. But... without that
customers who uses ES for intranet or those who hosts their video locally is not going to be happy without the support for local hosted video.
Awaiting v1.3.beta... soon!