The point of the new codec is that you don't need to convert
it to FLV. As long as it's encoded in H.264, it will play through
the component or by using NetStream/NetConnection. When you enter
the file as the source of the component, it will probably say
"failed to load blah blah", just test your movie and it should be
fine. If you're on a PC, when you browse to your file, you'll have
to put '*' in so its not looking for flv. On a Mac, you'll need to
type the path in manually.