just gave this a go (with a few colleagues)
<object width="425" height="355"><param name="movie" value="<A href="http://www.youtube.com/v/4ULVQOneeZE&rel=1"></param><param">http://www.youtube.com/v/4ULVQOneeZE&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/4ULVQOneeZE&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
<object width="425" height="355"><param name="movie" value="<A href="http://www.youtube.com/v/4ULVQOneeZE&rel=1"></param><param">http://www.youtube.com/v/4ULVQOneeZE&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/4ULVQOneeZE&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
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