Embed WIndows Media Player into flash

Does anyone know if it is possible to embed windows media player into flash?

The bottom line of what i need is as follows:

Embed streawming video
Full Screen Option, (With Easy funtionality, Like a button)

Any Ideas?

Also to make it more complicated, the content on this template would be dynamicly loaded from our php scripts. Am I crazy? Am I dreaming =)? I hope flash can answer my problem =).