Ok, I have modified the module to add the support of the JW Flash Player 5.5
1. Just copy the player.swf to the media_local.swf
2. Edit the 8WR_media_embed template to add some embed code from adsolutions
3. Add your Ads plugin in the local services (Ex: flashvars="width=400&height=320&file=http://www.blu.com/video.flv&plugins=ltas<as.cc=yvleppdodizyzmy" />
Seems to work fine

(However I suppose you will loose the wm* support).