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I actually have purchased and installed mediaxxxscript on a shared host (Arvixe). It's not that bad: you're getting a nifty little tube site with a lot of nice features. If I were coding something similar, this software would be a good template.
But it's nothing for a shared host. Every video you are uploading gets converted (no matter what the input format is), and that will consume a lot of CPU cycles. An ordinary shared server is just too weak. Another disadvantage is that you must host all videos on your own server; since Arvixe is sending you e-mails when you're using more than 10 GBytes of disk space, you can estimate the max number of your videos.
So, if you're planning to use it on a cheap shared server with 20+ concurrent users/sites: just don't. You might take a 'pro' plan which will allow more resources, but in your position I'd ask pre-sales, first.
To me, this meant that I won't show vids any time soon. (But this Tube Ace looks cool, because you don't have to host the videos on your own server.)
Basically, Arvixe is a provider as you want it to be: their support is super fast, friendly, and always willing to help you. It's much more than I did expect. I'm running two websites on different hosts, both use WordPress with a couple of plugins: one is pretty fast, the other (my porn machine) is a bit slow.
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