Create post... check
Set featured image... check
Copy video info to post... check
Embed video into post... oh oh
Now if you look at the other post "No Embeded Video," you'll see that the answer could be as simple as hacking the code and installing another plugin to work with the hack... lol
Anyway, as the other poster said, "Great idea.. but the problem is, it doesn't embed the video in the post."