The good folks at Zivtech (Alex Urevick-Ackelsberg and Jody Hamilton) have been plugging away at Embedded Media Field while I was away. It has bling now!
Check out their Drupal Video page. Click on a thumbnail, go ahead.
Here's a screenshot, just in case you didn't do that yet:
It's in the latest dev version, so you should go grab that right now and spice up your site! (You'll need to have the Thickbox module installed as well.
Alex is promising a write-up tutorial soon, so watch out for it!