The ActionScript NetConnection and NetStream classes, which were not previously available in Flash Lite, let you control the playback of FLV video from a local drive or HTTP address. Streaming video data over an RTMP connection to a Flash Media Server is also supported in Flash Lite 3.0 (but RTMPT and RTMPS connections are not). The Camera class and recording video are not supported in Flash Lite, nor is the FLVPlayback component.
Flash Lite 3.0 also includes a new property in the Video class, attachVideo, that specifies a video stream to be displayed within the boundaries of the Video object on the Stage. You use the methods of the NetStream class rather than those of the Video class to control playback of FLV (non-device) video. For example, to pause device video, you use the Video.pause method, but to pause FLV video, you use NetStream.pause.