These two features are very important and were present in vlc 0.8:
disable host root authority checks
-important when people prefer creating personal/private x509 infrastructures. Also important for all the many self-signed websites.
disable certificate validation checks
-lots of websites use invalid certificates, including my school. Most often are expired certificates. When certificates expire users would still like to access multimedia on these websites.
More detail at this post
viewtopic.php?f=12&t=51774
Can we expect these options to be eventually re-implemented?