Tested this in a word press plug-in and it works well so far. It’s worth checking out how it is to use it alone (as an alternative to the media player component that comes with Flash ide).
Along the same lines…
Convert video to flv format without the pleasure of using Flash (to each his own;)):
Looked at this product when it was windows only and had a very good impression of it – it’s available for both windows and macintosh now.
And here’s a freebie to test too:
http://rivavx.com/index.php?encoder&L=3 (windows only)