I use a lot of forums and I'm not aware of any of them allowing users to embed videos. stackoverflow doesn't allow it, asp.net forums does not allow it, I really cannot think of a single forum I visit that allows it though I'm sure there are some niche kind of forums out there that might depend on it, but I don't see it as a typical forum feature.
There are security risks anytime you let users embed Flash the same as if you let them embed javascript, just because you can do something does not mean you should. It opens up attack surface for XSS.
Videos in forum posts seems like a niche kind of forum, maybe some forum applications make it possible, but doing it securely is challenging. The safest way to do it is to not use html but instead something like markdown where the html is created server side from the markdown and is constrained by rules. But this makes the editor less friendly and still would require a lot of work to support youtube vimeo and whatever list of things one decides to allow.
Right now the mojoPortal forums are basic and not targeting specialty niche use cases but just providing basic forums.
I will make it so that NeatHtml is not used (which blocks youtube and javascript) if the user is marked as trusted. This will allow moderators, ie users with edit permissions on the page or forums instance to be able to embed video.
Maybe YAF supports it, and that might also be an option for use with mojoPortal at some point.
Best,
Joe