There is a modification for VB 3.x- Automatic Media Embedder (AME) 2.5.
This mod automatically turns youtube (and other video sites) links into embedded videos.
It also uses a template to embed the code in the page.
This means you could EDIT the video template created by the AME mod and use template conditionals to display the video to premium usergroups and your message to those who aren't supposed to see video.
It does rely on a 3rd party mod, and it will be difficult to upgrade in the future and keep the functionality, but it should work.
You need to use template conditionals (not PHP) in templates, there is an Article in the VB3 Articles section here on how template conditionals work.
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