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First of all, I'm not sure if this is even possible since we don't have direct access to audio files (for YouTube or Soundcloud), but it would be a cool option to add.
Of course this needs to be off by default otherwise it defeats the purpose of this project 😃
One possible viz library we can use is Wayou/HTML5_Audio_Visualizer as long as we leave a reference to his work. We may want to fork it to customize it to our liking.
If we can't do this directly, there may be some APIs in Chrome (and other browsers) that we can access with an extension.
edit: just use some of @MrAnyone's code from https://github.com/MrAnyone/YouTube-Audio-Visualizer as it's MIT licensed 🎉