hi, while I was developing today a media stream server, I found an amazing video about that fitting player (the video itself is even playing right now in this player). The music is not so my style, but this guys did creative playing with pictures I really like: Enjoy!
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by the way, the player I was working on: http://www.jeroenwijering.com
With this you can embed, FLV, WMV, even Youtube with Flash and-or Silverlight
I had before a great software from sytexis.com to stream videos. Since I had my laptop acer 6920g and i did not found a way to record live to youtube.com I searched for a tool to record to my harddisk and found finaly that fine piece of free software. Yes, its completly freeware and several additional software also, or just add a small advertising.