Patrick Tai, Daemonite, has put together a Flex based media player for the AIR derby called mooFlair. This great little, AIR app lets you browse online FLV movies and even save them to the local machine for off line viewing.
What is mooFlair? Watch online videos from RSS feeds or from the embedded YouTube search. Save your favorite videos on your computer. Watch them off line. Search your library easily with the keyword search. Watch any FLV file from you computer. Organise them in playlists (coming soon). Get the new features and stay up-to-date with the automatic update.