Videos from youtube player on own player

Hey it will be nice if you can make posible to player youtube videos player on own player... so when you click on the video stop being redirected on youtube...

This is the player who can do the job i think:

http://www.longtailvideo.com/

Youtube provides an embed link, but i am pretty sure bypassing their player would be a violation of their terms. They provide ads in their player.

So i believe if youtube found out you were doing this they would be all over you like mud on a pig.

You are correct, and they are not afraid to stomp-down on people who do it (just search around, you'll see what I mean).

But we can keep the youtube logo on videos ... i think is no problem..