Im using the [embed][/embed] code to embed YouTube videos and works just fine only with one problem.
Sometimes the video shows up but other times it shows only a blank space on the post. After u reload the page usually the video shows again and again, the videos just dissapear on the next load.
If you’re using WP 2.9.1, you really don’t need to use the embed code any more for YouTube videos. All you need to do is paste the link to the YouTube, Google, Blip.tv video wherever you want the video to appear in your post.