I'm working on this too. It absolutely blows my mind that this feature wasn't placed in Catalyst. Let me know if you figure it out.
This thread covers a banner that automatically plays to the next state based on an "invisible" flv timer. Once in the last state it loops back to the beginning.
Hope this helps.
Thank you so much, this solved the issue. Just one question...How do I adjust the time that is spent on each state?
This video playback is what controls the time spent in each state and then it forwards to the next transition.
Tanya, I'm also having problems getting Adobe Media Encoder to make an FLV that small. Can you send a screen of the custom settings you used?