I've encoded an flv with cuepoints. When I play the video, it freezes at the cuepoint. I'm useing as3 on windows 7. I've removed the metaData callback from the code below as the problem occurs with and without the callback.
nc = new NetConnection();
ns = new NetStream(nc);
vid = new Video();
this appears to be a windows 7 bug, or my computer settings. I was able to encode the video with cue points on Snow Leopard.