Heh if sharing videos among your friends is what you want to do, you can try ffwd. if you upload the video to youtube, add that video to ffwd, you can watch it on your tv through your wiimote. But u need the opera browser for that.
After that you can share the videos through ffwd. You can see what videos your friend are watching and what they liked and vice versa.
It is still in private beta at the moment but I have got a link setup. Try it.