Video – it seems as though there's not a lot of functionality built into the theme for it – please outline generally for me what is and isn't possible…

I KNOW that sounds like a way open ended question – because it is, but I’ve been looking for something that looks like Focus but has built in features for handling videos like so many video blog themes do. Is Focus more photo rather than video oriented, and is using video more a matter of going into text editor mode and using oEmbed’s manually?
Some themes I have seen have functionality that just says “pick video source / enter url” and I can’t find anything in your guides that directly addresses how video is handled by your theme.
Really like the layout, but video is a big part of what we intend to do.
Thanks