Please have a view of this view and let's talk
This seems to me to be a good explanation of what it means to be born again. The only criticism I have is that it speaks of the death of Christ but doesn't mention his resurrection. His death and resurrection are both part of the gospel.
Yes, "...if Christ be not risen, then is our preaching vain, and your faith is also vain" (1 Cor. 15). Resurrection shows God's victory over death and the grave in Jesus Christ --our redeemer. One who is "born again" by faith in the risen Christ has everlasting life. That is elementary to the Gospel message.
There are a couple of errors in the video. The first is that it says Jesus lives in us "as" the Holy Spirit. (around 2:22 mark) This is the error of modalism (Modalism|What is Modalism? | Christian Apologetics and Research Ministry) which is to say that the Father, Son and the Holy Spirit are different modes or aspects of the One God. In fact they are different persons. Jesus is not the Holy Spirit and the Holy Spirit isn't Jesus but they are both with the Father one God.
The other error is when it said that Jesus was in Adam as we are in Adam. (around 2:58) This is only partially true; You might be able to say that His human nature was in Adam and Eve, but Jesus, the Son of God, the second person of the Trinity is the Creator of Adam and Eve. It's also important to understand that because He didn't have a human father, He did not inherit the sin nature from Adam, since it is passed down through the Father:
Romans 5:12
Therefore, just as through one man sin entered into the world, and death through sin, and so death spread to all men, because all sinned
Otherwise it was accurate, except I would say incomplete. As someone mentioned it didn't talk about the resurrection, but another very notable exception is that it didn't mention that we are new creatures in Christ after the new birth.
2 Corinthians 5:17
Therefore if any man be in Christ, he is a new creature: old things are passed away; behold, all things are become new.
Pesonaly, I believe we can complicate this beyond what is necessary. Salvation was meant to be simple. Even a child should be able to understand it.
To me, being born again simply means that before I accepted Christ as my savior, I was a sinner, non believer and did what I thought was best for my purpose and my reasons. When I accepted Christs gift of salvation and repented from my sinful ways, I turned from a "me" attitude and became a "Him" attitude. I was "reborn" as a "new creature" with a new focus, new desires, new set of values. I am free from sin and even though still a sinner, I am washed by the blood of Christ. In God's eyes I am righteous.
People of Jesus' day would have understood this. We were born first into a sinful life as a baby. When we accept Christ we are born again into the family of God.
Just my view.