I received an email from Mark Dulisse giving away a wordpress video player plugin for free. To be more precise its not a player but a way to make look youtube video highly professional like hosted on your own server with.
You can apply several skins. I am particularly loving the iPad Skin
It really hides all of the youtube video control so no will have any clue that this is a youtube video.
This is certainly a way to go to put videos on your site without installing the video player or uploading videos to your server.
Download the plugin here: The Traffic Player by Mark Dulisse and you will love it.