I want to create a video browser/viewer that runs off of a CD which will autoplay the swf upon load. Can Flash play video from a local source? My research is telling me "no" but I need a definitive answer. Thanks!
I've made millions of CDs with flash projectors (literally) with all sorts of video. Yes you just use relative paths to your content when you load it.
Docs tell you it plays off the local filesystem (plenty of example code):