Hi Wes…
FLV Video: Wildform’s high quality Flash MX FLV video (both 1-pass and 2-pass* VBR) that plays in the Flash 7 player (and higher) when loaded into the player using the correct streaming syntax (SWF files containing this syntax can be generated automatically using the included Flix FLV player program). In addition, FLV video can be imported directly into the Macromedia Flash authoring tool (versions MX and higher) and it can be streamed using the Macromedia Flashcom Server. Flix outputs FLV files with either MP3 audio, which is better for use when deploying the FLV files, and uncompressed audio which is useful when creating files intended to be imported into the Macromedia Flash authoring tool.
Note that FLV files have no 16,000 frame limit and they handle RAM in a different way than SWF files, so if you are creating large video files, it is strongly recommended that use FLV output.
Also, when creating video for CD, you should use FLV video because it performs better. FLV files also do not have a SWF framerate and play independently of the SWF framerate of any SWF file that you may load them into.