As you can see in the video they add 1000 times the same feedurl. there is no reason to allow this so it would be extremely easy to fix for Netvibes.
Net Vibes has implemented it slightly wrong and are sending the number of "boxes" that contain the feed, not the number of users who have at least one box with the feed.
So when Feedburner sees a GET on their feed with metadata from Net Vibes saying how many subscribers there are, they can either ignore it (since it can be gamed) or use it. I find it valuable that they use it so I hope that Net Vibes fixes it.
Feedburner could ignore huge jumps from Net Vibes but the attack would work with slower growth, leading to distorted statistics.