You could load the actual youtube player API( chromeless or not ) with LoaderMax ( as swfLoader) - which is great for automatic loader parsing - then check if URL is youtube domain, parse loader to a youtube wrapper class which has all the API method calls ready - which are by default pretty similair to the one of the VideoLoaders.
I did something like this when testing YouTube API, I didnt like that I had to load the API player in url, and the actual youtube ID as the name. felt I was stinking up the XML with loads of urls to the same player. Another thing I remembered was the the inability to load custom arguments from my node.
Is there a way to get additional arguments which are not defined by the SWFLoader class, but added the same node?
For example: