Posted this accidently into the Dolphin 7.1 forum before but it should be here.
Looks like this never worked, not even in 7.0.9. The generated embed code for a youtube video is missing the video id. So it can never play when embedded somewhere. I can reproduce on demo.boonex.com
Here is the fix
In /modules/boonex/videos/classes/BxVideosTemplate.php
find
$sEmbedCode = str_replace("#video#", $sVideo, YOUTUBE_VIDEO_EMBED);
replace with
$sEmbedCode = str_replace("#video#", $aExtra["video"], YOUTUBE_VIDEO_EMBED);
Beside the fix i have one question. In the same function there is now some alert code in the beginning, whats the reason for that, anybody know? It was added after 7.0.9