Rotatiing Gear or Symbol for loading

XML stream... sorry, not sure what you mean. There's no such thing as an XML video stream. Are you using an FLVPlayback component? Are you using NetStream and NetConnection to connect a video to a Video object?

Well, the code snippet would depend on how you are loading the video. :) How are you loading video?

Well, it depends on how you load the video. But whatever way you do, you'll want to listen for a video event that tells you the video has started playing.

hello Boxing Boom,

gear = new Loader();
gear.load(new URLRequest("images/ajax-loader.gif"));

//when your image is loaded (from a loader)
photoLoader.contentLoaderInfo.addEventListener(ProgressEvent.PROGRESS, showProgress);

photoLoader.contentLoaderInfo.addEventListener(Event.COMPLETE, removeTimey);

This web site has a really good example of this:
http://chrisbrimelow.com/blog/?p=20

and abeall - thanks for the link

The gear graphic, if you're thinking of the same thing I am, often called a spinner, usually does not serve the purpose of showing any sort of percentage of completion -- it simply tells the user to be patient because the computer is thinking/loading, and should be done soon.

It's pretty easy to make one in Flash. But if you are looking for one already made, you can get animated GIFs here:
http://www.ajaxload.info/