I'm in the beginning process of putting together a Video website and looking for the a CMS for videos. Something that is user friendly and affordable. Your ideas are greatly appreciated!
Well, I am not sure if this is what you are looking for, but you can check out Clip-Motion.com. Jereme
You can use Wordpress as a video CMS Just get a Video-WP-Theme but I haven't seeny any good free ones..
Check also Drupal (drupal.org) with the emfield-module (drupal.org/project/emfield). It already supports YouTube, Google, Blip.TV, Revver, MySpace, MetaCafe, Last.fm, JumpCut, BrightCove, SevenLoad, Spike TV, Daily Motion, Veoh, Vimeo, Tudou, imeem, Guba, and Live Video video formats. More are planned to be supported soon. An api allows other third party video providers to be supported using simple include files and provided hooks. I think it is a good starting point to set up your video site.