hope you don't mind me using your posts as a template hotwheels...
go to the ame cp in your admin control panel and open display. Scroll down to the bottom of the page, and click on "add new".
In the title space,
Project Playlist
In the description, Converts Project Playlist URLS
In the display order, 444 (or whatever number you want)
Active, set to yes
Contain, set to yes
Regular expression, insert:
http://[a-z]*?[\.]?projectplaylist\.[a-z]*?/node\/([A-Z0-9._%-]*)[&\w;=\+_-]*
Replacement, insert: <div style="text-align: center; margin-left: auto; visibility:visible; margin-right: auto; width:450;">
<object type="application/x-shockwave-flash" width="435" height="270"
data="http://www.profileplaylist.net/mc/mp3player-othersite.swf?config=http://www.profileplaylist.net/mc/config/config_black.xml&mywidth=435&myheight=270&playlist _url=http://www.profileplaylist.net/loadplaylist.php?playlist=$p1">
<param name="bgcolor" value="#e8e8e8">
<param name="movie"
value="http://www.profileplaylist.net/mc/mp3player-othersite.swf?config=http://www.profileplaylist.net/mc/config/config_black.xml&mywidth=435&myheight=270&playlist _url=http://www.profileplaylist.net/loadplaylist.php?playlist=$p1">
</object>
<BR><a href=http://www.profileplaylist.net><img src=http://www.profileplaylist.net/mc/images/create_black.jpg border=0></a><a href=http://www.profileplaylist.net/standalone/15971219 target=_blank><img src=http://www.profileplaylist.net/mc/images/launch_black.jpg border=0></a><a href=http://www.profileplaylist.net/download/$p1><img src=http://www.profileplaylist.net/mc/images/get_black.jpg border=0></a>
</div>
Hit save to finish...
I know this isn't technically embedded video.. but you can have your members post up their personal playlists to show off their tastes in music or whatever...