Yes. You can host videos using popular scripts such as Dolphin, ClipBucket etc.
We support the following: ffmpeg, Mplayer, A52decoder, Amrnb and Amrwb, All codecs, facc and faad2, Ruby, fdk-aac, vo-aacenc, vo-amrwbenc, flvtool2, Git, Lame, Libogg, Libvorbis, Libtheora, Libspeex, Libflac, Libao, Libwmf, opencoreamr, vorbistools, X264, MP4Box, Xvidcore, Yasm, LibOggz and Yamdi.