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I recommend Video to FLV Converter you, it can convert all kinds of popular video formats to flash and flv format, like youtube.com, you can convert the wmv to flv along with a flash player embedded...

for converting from video to flv I use video to flv converter
It supports all types of video files (avi, wmv, mpeg, 3gp, mov etc..)
http://www.*******.com/video_to_flv/
there is a free trail...

have ever used flv to video converter by moyea, that works well for me,hope it will also works fine for you

I use moyea flv to video converter. It converts any flv files to good quality video.. e.g. wmv, mp4, mp3, 3gp, avi, mpg, and more.

It even downloads youtube videos fast and plays them with flv...