Will the ability to embed Youtube (and presumably other video) in bulletins and blogs be added?

I thought we could already do this however I just tried to make a blog about a cool video I wanted to talk about and - I can't embed it.

Is there a way to embed Youtube videos in blogs (and bulletins) that I am missing?  If not - any chance we could have this added?  It feels pretty important and I can't imagine any problems it would cause.