I got it...

The code you should replace should look like this....


<object type="application/x-shockwave-flash" height="470" width="435" data="http://www.domain.com/player/player.swf">

<param name="movie" value="http://www.domain.com/player/player.swf" />

<param name="flashvars" value="&file=http://www.domain.com/flvideo/{$vinfo[0].VID}.flv&height=350&image=http://www.domain.com/thumb/{$vinfo[0].VID}.jpg&width=425&location=http://www.domain.com/player/player.swf&logo=http://www.domain.com/templates/images/watermark.gif&link=http://www.domain.com&linktarget=_blank" />

</object>

This has been tested on myspace and works fine.