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Or you can do what we did ....
Get your own copy of vshare for around 10.00 USD, then make it conform in style and color to your existing community, followed by giving people a choice of belonging to either site or both. Both scripts (dolphin/vshare) support paid memberships but I would recommend using that on only one of the sites.
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Personally, I think that with apps like vshare and numerous others that are out there, very cheap too, the dolphin mods are way too expensive. With your own youtube script the options are far superior. If you remove friends & groups in one of the apps then that'll be less confusing for the members. You can also use one of the two portals to make your entire community concept more enticing to join and with the youtube/vshare script the members can upload to their hearts delight. Here's how it works for us:
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Link to our homepage:
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From there, visitors can click themselves into the community (left, big orange framed image link) or they can go directly to the video portal (right side, orange framed link with movie clip). There are no references from the video portal to the community but visitors of the community can click onto the word VIDEO at the top. There, our own page comes up, explaining how both portals interact, with an invitation to join one or both portals. Granted, more clicks and more steps, but also a whole boat load of video features.
Eventually we'll cross-link more of the two scripts together for ease of navigation.
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Greetings from Germany