Good thinking Tigga, but unfortunately even though I didn't have that unchecked it doesn't have the tags around it. I just went to the news forum and edit the post and the code inside is thus:
Code:
<object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=5,0,0,0" width="406" height="197">
<param name=movie value="/forum/home/launch/test.swf">
<param name=quality value=high>
<embed src="/forum/home/launch/test.swf" quality=high pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash" type="application/x-shockwave-flash" width="406" height="197">
</embed>
</object>
So it must be something else

.