He's saying that trying to compile a program is not for n00b. and compiling VLC and its depedencies is especially difficult. So util you gain some experience with Linux, stick with packages from your distribution
[0xa412d44] main libvlc warning: cannot load module `/usr/local/lib/vlc/plugins/video_output/libxcb_xv_plugin.so' (libxcb-xv.so.0: cannot open shared object file: No such file or directory) [0xa412d44] main libvlc warning: cannot load module `/usr/local/lib/vlc/plugins/video_output/libxcb_window_pl...
Look at the vlc logs to see why it can't create X11 video output ?
Have you built the modules ? They have moved to libxcb from Xlibs so you need to adjust your build-depedancies
same problem. the qt4 module canmt be launched either because it is not present or one of the libraries it depnds on is missing. It is a packaging problem so you should contact fedora