Is this Michael Madsen in a recent "2 unlimited" video?
 

Go to about 13 seconds in.

Yes it is. No mistaking him. He was in a Michael Jackson video as well:

And this, as further proof: http://wikibin.org/articles/nothing-2-lose.html

"The final cut of the video shows short clips of the movie Amsterdam Heavy throughout the video featuring the former television host of TMF Jeroen Post, and American actor Michael Madsen."