ThemeForest - Wave - Wordpress Premium Theme

Wave: A Video Centric Theme for WordPress from Theme Forest is an excellent template for a video blog, it is really dynamic and with the feature post you can keep your favorite posts shown all the time. The theme is widget ready so the editing after the setup should be a breeze to drag and drop all your stuff. The Wave Wordpress Premium Theme is compatible with browsers like Firefox 2 and 3, Safari, Opera, Google Chrome, Netscape, Mozzila and Internet Explorer versions from 6 to 8.
Wave Theme Features:
Video support and compatibility

Wave theme supports videos up to 920 pixels in width. It even supports high definition videos (HD), if you flag the videos with and “HD” tag Wave theme will display them in full width and will add an button with the id “HD” in the archive indexes.
In Wave theme you can post videos from almost any service from the Internet or even your own hosted videos.
Fully customizable text and links

Theme Forest Wave has an “Clean it Up” option to smooth the text from your blog to get rid of that nasty old grungy look. You just have to enable it.
The theme has an integrated color picker which you can access from WP-Admin to pick your link and even your heading colors.
Fully customizable widgets and theme

The Wave theme is easy to edit for everyone, you don’t have to have any web editing skills for editing the template because it has an built-in custom setting panel in WP-Admin from which you can customize your theme for that unique cool look. Both of the theme sidebars are fully widgetized.
Wave: A Video Centric Theme for WordPress has an dynamic integrated image resizing for all the different thumbnails used in the template.
The logo is highly flexible, it allows images of any width and height up to 920 pixels in width. The image size and its path can be entered trough the WP-Admin.
The theme has 3 big ad spots: four 125 x 125 pixels spots, a big box of 300 x 250 pixels spot and a skyscraper 160 x 600 pixels in dimension that are located next to the recent posts and videos into which you can add even non image ads like Google AdSense.
Other Features:

Home page has 2 columns.
Recoded template for easy customization.
Minimal footer.