If possible, I would suggest adding the ability to add a remote video file. This feature would allow you to embed the remote file not based on youtube or similar fetchers. It woudl simply read the file and use the standard player to embed it.

The reason being is if I have a remote FMS server it would be nice to plugin the URL such as rtmp://fmsserver.com/vod/myvideo.flv and have it appear in the main video library.

This would be a great way to have a mix of streaming and download type of content.

My idea is almost a hybrid of the upload method and fetch method in that on the first screen you would fill out the details just like in upload and then on the next page instead of having to upload a video, you would have the option to add the direct link to a video file on the web which would be fetched during play.

Just a suggestion. I am really enjoying your product.
Thanks,
Chris

have you try import features in the backend ?