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Can you play videos on this?
Not yet, I don't know if the developer plans to add it as you can very easily just run SMS from it...
How exactly would you go about doing it? I'm new to all of this, can you point me to a tutorial where I could read up on how to do it?
Just run SMS how you would run any other homebrew... If you use ULaunchELF as a loader you can do it easier.
All the information you need is in the forums, either search, or read some threads. You can't expect everyone else to find out the information for you when it is freely available...
no u cnt play vids hopefully soon with some updates