Have you tried the Flash-AJAX Video component yet?
The Adobe Labs has released the Flash-AJAX Video component which makes it very easy to control the flash video player using Javascript. The original Flash video component inside Dreamweaver 8 and CS3 is rather limiting in controlling with Javascript. No so with this new component. And the component comes with a nice sample app to illustrate the various APIs available. Very nice indeed. The only drawback I can say is right now there is no visual interface to the component for use inside Dreamweaver CS3. And the document window won’t render the video as a box holder. Indeed it won’t render anything at all. But apart from that, it is very easy to use as long as you don’t mind doing a bit of handcoding.

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