A while back I found a good post (via FlashInsider) that detailed how to create a video sharing site, but when I went to look at it recently, it was replaced by a placeholder page written in German. Thanks to Google cache, here is a mirror of it, including comments. I’m not planning on hosting a YouTube site, but the FLV/FlowPlayer stuff is interesting.
UPDATE: It’s back now, but I’m leaving this here anyway.