Recently I published an update to the YouTube wrapper I use for all Actionscript 3 YouTube projects. It’s now all up on my Github with some improvements on the older version.
The new version comes with an improved local connection, and also some more options such as: you can now resize the player without having to reload it!
Have a play with it, tell me what you think. I’m looking to have some more options added such as additional pausing and resuming.