I notice that the code generated by the default Flash tool looks like this for example:
<embed type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer" src="http://www.youtube.com/v/fSDUklJqj30&hl=en&fs=1&" width="425" height="344" play="true" loop="true" menu="true"></embed>
There is no "object" tag surrounding this, like comes with the code you get from youtube. It seems to work in the browsers I tried though (Windows: IE8, Mac: Safari 4 and FireFox 3.5).
Does anybody know why there is no object tag present and if this code is, in general, browser compatible?