If the video can be embedded, the link to the SWF file can be found in the media:content url.
<media:content url="http://www.youtube.com/v/VIDEO_ID" type="application/x-shockwave-flash" medium="video" isDefault="true" expression="full" duration="24" yt:format="5"/>
http://www.youtube.com/v/VIDEO_ID
Once you have the URL, you can substitute it into the standard embed template:
<object width="425" height="350"><param name="movie" value="http://www.youtube.com/v/VIDEO_ID"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/VIDEO_ID" type="application/x-shockwave-flash" wmode="transparent" width="425" height="350"></embed></object>