Video player only in browser?

Hi there,
I’ve been trying to load dynamically a .mov with this simple code :

var nc:NetConnection = new NetConnection();
nc.connect(null);
var ns:NetStream = new NetStream(nc);
myVideo.attachNetStream(ns);

var listener :Object = new Object();
listener.onMetaData = function (md:Object):void{};
ns.client = listener

ns.play("video.mov");

is it normal that it can be played only inside a browser? I haven’t found much documentation about it (probably my mistake), but as far as I know, I read somewhere (I think the adobe website itself) that the standalone player hasn’t implemented that feature yet… is it true?

thanks!