TVlc 7.0 is available now!
TVlc now supports Kodi (OpenELEC XBMC) Media Server with Youtube Plugin the same way it supports Vlc. In contrast to HW accelerated Vlc on Raspberry PI you can play HD Videos and h264 encoded Videos with Kodi on your Raspberry PI, Raspberry PI 2 or Raspberry PI 3. No additional setup required. Just install
sudo apt-get install kodi
And activate the Youtube Add-On.
As always, enjoy!